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Rampant fraud on fuel in transit worries Mthuli Ncube
Finance Minister Mthuli Ncube has proposed a temporary import duty on fuel in transit to other countries to address ongoing issues with transit fraud. In his mid-term budget statement to parli...Published: 26 Jul 2024 at 16:01hrs | 3096 | by Staff reporter
Mthuli Ncube backs down on taxes
The Zimbabwean government has removed value-added tax (VAT) from selected meat products, reduced presumptive taxes for informal traders, and mandated that all government service fees be paid in local ...Published: 26 Jul 2024 at 06:39hrs | 1594 | by Staff reporter
Zimra's new tax system slammed
LOCAL businesses have expressed concern about the new tax and revenue management system (TaRMs) being used by the Zimbabwe Revenue Authority (Zimra), which they say is too complex and difficult to set...Published: 31 Mar 2024 at 16:31hrs | 2 | by Staff reporter
Zimbabwe industry players call for Budget taxes review
Organisations in industry and commerce want Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube to review some of the tax proposals he made in the 2024 Budget saying...Published: 12 Dec 2023 at 05:51hrs | 9 | by Staff reporter
Zimra happy with block tax system
THE Zimbabwe Revenue Authority (Zimra) says it is satisfied with the preliminary results of the Block Management System (BMS) that classifies all taxpayers into specific geographical locations or zone...Published: 28 Feb 2023 at 07:36hrs | | by Staff reporter
Zimra tender raises eyebrows
THE Zimbabwe Revenue Authority (Zimra) has reportedly awarded a US$4,6 million tender for the supply, delivery and installation of a fiscalisation back-end system to Norwegian firm, Norway Registers D...Published: 21 Sep 2022 at 06:04hrs | | by Staff reporter
Zimbabwe economy urgently needs tax reforms
For the fourth consecutive year, the Zimbabwe Revenue Authority (ZIMRA) has been exceeding budgeted quarterly and annual revenue targets (in ZW Dollar and in US Dollar terms). Even though the economy ...Published: 01 Apr 2022 at 12:40hrs | | by Victor Bhoroma
Zimra records Z$161bn gross revenue Q4 2021
THE ZIMBABWE Revenue Authority (Zimra) has recorded Z$161 billion in gross revenue collections for the fourth quarter ended 31 December 2021, which is 48,9 percent above target.Despite the inf...Published: 31 Jan 2022 at 05:44hrs | 2 | by Staff reporter
Govt to appoint new ZIMRA board chairman, top management
The Treasury says it is close to finalising the appointment of a substantive chairman for the Zimbabwe Revenue Authority (ZIMRA) board. The tax authority is also putting the final touches to t...Published: 03 Sep 2021 at 06:46hrs | | by Staff reporter
Companies flout tax directive
MANY businesses are not complying with a government directive to adopt fiscalised tax registers as part of efforts to increase revenue collections and plug off leakages, Standardbusiness has establish...Published: 08 Aug 2021 at 07:28hrs | | by Staff reporter
Zimra blames tax clearance application on systems clogging
THE Zimbabwe Revenue Authority (Zimra) has blamed the failure by businesses to secure 2021 tax clearance certificates on congestion caused by clients applying at the same time after the expiry of the ...Published: 05 Feb 2021 at 17:36hrs | 1 | by Staff reporter
Zimra online system jammed
The Zimbabwe Revenue Authority (ZIMRA) says it is experiencing technical glitches on its online platforms following an upsurge of clients seeking to process tax clearance certificates for this year....Published: 05 Feb 2021 at 17:34hrs | | by Staff reporter
Firms evade remitting forex taxes
THE Zimbabwe Revenue Authority (Zimra) says it has detected a string of scams in which some companies charging for goods and services in foreign currency have evaded paying taxes in forex.This...Published: 04 Dec 2020 at 07:20hrs | | by Staff reporter
Businesses dodge forex tax
Treasury has tightened measures to bring to book businesses that are dodging tax obligations in foreign currency amid concerns that most forex sales in the country are not accurately accounted for, th...Published: 28 Nov 2020 at 07:10hrs | | by Staff reporter
'No 2021 tax clearance certificates to improperly fiscalised operators'
Zimbabwe's tax collector has threatened to withhold 2021 tax clearance certificates to all registered business operators that have not properly fiscalised as most operators are not remitting taxes in ...Published: 27 Nov 2020 at 17:23hrs | | by Staff reporter
Govt losing millions as firms evade US dollar tax
THE Zimbabwe government is being cheated of millions of United States dollars in tax revenue by businesses that are accepting foreign currency payments but not declaring or under-declaring the forex p...Published: 06 Nov 2020 at 06:47hrs | | by Staff reporter
Zimra moves on amnesty headache
The Zimbabwe Revenue Authority (ZIMRA) is working on legislation which will help the tax collection agency reconcile recent tax amnesty transactions amid revelations that business is losing millions i...Published: 15 May 2019 at 09:30hrs | 8 | by Staff reporter
IT security firm sets up in Bulawayo
AXIS Solutions, an information technology (IT) security firm has opened a new branch in Bulawayo where it seeks to assist business curb cyber crime and associated risks. The Harare-headquarter...Published: 10 Sep 2018 at 06:46hrs | | by Staff reporter
Zimra busts smuggling syndicate
THE Zimbabwe Revenue Authority (Zimra), which is deepening its battle against corruption and smuggling, seized an assortment of goods worth thousands of dollars at the Beitbridge Border Post last week...Published: 26 Jul 2018 at 07:02hrs | | by Staff reporter
'Ministers use private emails for govt business'
GOVERNMENT officials are using their private email accounts for official communication, a situation that puts sensitive documents at risk of falling into wrong hands, Finance and Economic Development ...Published: 27 Jun 2018 at 06:59hrs | 1 | by Staff reporter
Zimra surpasses target by 8%
THE Zimbabwe Revenue Authority (Zimra) has recorded $1.1 billion first quarter 2018 gross revenue collections, above target by 8 percent and higher than $862 million recorded in the same period last y...Published: 16 Apr 2018 at 07:10hrs | | by Staff reporter
Zimra threatens to wield axe
The Zimbabwe Revenue Authority (Zimra), which is contending with widening tax defaults by both individuals and corporates, says it is open to payment plans to prevent ballooning interests and penaltie...Published: 11 Feb 2018 at 07:32hrs | 1 | by Staff reporter
Zimra surpasses January target
The Zimbabwe Revenue Authority (Zimra) surpassed its January 2018 revenue target after gross collections totalled $350,97 million against a budget of $325,05 million, driven by strong out turn in coll...Published: 09 Feb 2018 at 06:10hrs | | by Staff reporter
Companies fleeced in Zimra fiscal devices supply
THOUSANDS of Zimbabwean businesses may have lost millions of dollars in an alleged scam by a group of companies contracted by the Zimbabwe Revenue Authority (Zimra) to supply fiscal devices, two years...Published: 29 Jan 2018 at 05:43hrs | | by Staff reporter
Unstable Zimra systems affect operations
The systems utilised by the Zimbabwe Revenue Authority's (ZIMRA) stakeholders and clients have not been stable and available as expected, and this has negatively affected operations.The system...Published: 23 Jan 2018 at 06:56hrs | | by Stephen Jakes
Zimra optimistic of surpassing $3,4bn target
The Zimbabwe Revenue Authority (Zimra) is optimistic that it will surpass this year's $3,4 billion revenue target on the back of measures that the authority has put in place to enhance revenue collect...Published: 01 Dec 2017 at 05:04hrs | | by Staff reporter
Zimra beats revenue targets again
The Zimbabwe Revenue Authority gross collections for the third quarter were 19% above target boosted mainly by higher collections in Value Added Tax, individual tax, excise duty and company tax....Published: 19 Oct 2017 at 06:58hrs | | by Staff reporter
Zimra moves to curb upsurge in tax refund pay outs
THE Zimbabwe Revenue Authority (Zimra) has appointed Value Added Withholding Tax agents to curb the upsurge in tax refund pay outs that impact negatively on the country's net revenue collections....Published: 25 Sep 2017 at 08:31hrs | | by Staff reporter
Zimra gross collections above target
The Zimbabwe Revenue Authority (ZIMRA) is confident of surpassing the 2017 annual target as the robust revenue enhancement measures being implemented are bearing fruit, with net collections for the mo...Published: 05 Sep 2017 at 13:45hrs | | by Staff reporter
Zimra launches blitz on traders
THE Zimbabwe Revenue Authority (Zimra) has launched a massive blitz targeting all traders who continue to dodge their tax obligations by not installing fiscal devices and connecting them to its server...Published: 31 Aug 2017 at 06:30hrs | | by Staff reporter
Govt identifies suppliers of fiscalisation machines
THE Government has identified nine suppliers of fiscalisation machines as it moves to improve tax revenue collection.Zimra head of corporate communications Mr Canisio Mudzimu said nine supplie...Published: 13 Aug 2017 at 13:18hrs | | by Staff reporter
Zimra to deal with ease of doing business
The Zimbabwe Reveune Authority is engaged in efforts to deal with the easy of doing business which involved the fiscalisation.This was revealed by Zimra Acting Commissioner General Happias Kuz...Published: 10 May 2017 at 06:33hrs | | by Stephen Jakes
Chinamasa angers Biti over blacks don't pay tax jibe
FINANCE minister Patrick Chinamasa has come under attack this Friday for telling parliament that black people have no culture of paying tax. That habit, according to Chinamasa was n...Published: 03 Feb 2017 at 06:10hrs | | by Alice Dube
Businesses grumble over fiscal devices
SOME businesses which are expected to be in the process of installing fiscal devices are still grumbling about the price of fiscal devices, but the Zimbabwe Revenue Authority (Zimra) is determined...Published: 22 Jan 2017 at 12:07hrs | | by Staff reporter
ZIMRA thrives to increase collections
The ZIMRA Board Chairperson, Mrs Willia Bonyongwe, has applauded the Authority for stepping up its efforts to collect revenue for the fiscus despite the prevailing economic challenges in 2016....Published: 21 Jan 2017 at 06:08hrs | | by Stephen Jakes
Zimra fiscalisation touches off storm
ZIMBABWE Revenue Authority (Zimra) is in the eye of a storm amid accusations companies it shortlisted to sell fiscal gadgets are charging exorbitant and inflated prices for devices which can be source...Published: 20 Jan 2017 at 05:55hrs | | by Staff reporter
Zimbabwe moves to plug tax leakages
Finance Minister Patrick Chinamasa has put in place a December 31, 2017 deadline for local companies to link fiscal devices to the Zimra server as the cash strapped government moves to plug leakag...Published: 09 Jan 2017 at 06:58hrs | | by Staff reporter
Govt gazettes VAT law
Government has gazetted Statutory Instrument 148 of 2016 which will see retail operators and other small businesses paying value added tax from effect January 1, 2017 as part of measures to broaden th...Published: 12 Dec 2016 at 07:18hrs | | by Staff reporter
'Not everyone at Zimra is corrupt' - Interview
Zimbabwe Revenue Authority chairperson Willia Bonyongwe . . . "Zimra is such a critical institution of Government and the board has taken a very strong stance against corruption"The Interview ...Published: 06 Aug 2016 at 09:01hrs | 1 | by Christopher Charamba
Zimra misses Q1 revenue target again
DEPRESSED industry output coupled with a tight liquidity situation and drought eroded Zimbabwe Revenue Authority (Zimra)'s earnings for the first quarter of 2016 to $724.9 million from a target of $86...Published: 12 May 2016 at 06:47hrs | | by Prosper Ndlovu
Zimra intensifies fight against smuggling
THE Zimbabwe Revenue Authority (Zimra) has come up with various measures towards curbing the smuggling of goods and laid down incentives for the manufacturing and value adding companies which have bee...Published: 17 Apr 2016 at 10:06hrs | | by Noble Ncube
How to register VAT with Zimra
Only operators registered for VAT purposes may charge VAT on the supply of goods and services unless the goods and services are exempt. For a trader to charge VAT on the supply of goods and se...Published: 22 Dec 2011 at 05:34hrs | | by Staff reporter
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