Search / Revenue target
Zimbabwe govt mulls fresh taxes
Finance Minister Mthuli Ncube yesterday unveiled plans to impose new taxes, despite growing resistance from businesses and taxpayers who argue that Zimbabwe's current tax burden is already suffocating...Published: 01 Aug 2025 at 08:02hrs | 383 | by Staff reporter
Zim industry leaders call for Unified Taxation System
Zimbabwe's business community has raised concerns over the country's fragmented taxation system, urging the government to adopt a unified tax framework to alleviate the heavy burden of multiple taxes ...Published: 01 Jul 2025 at 08:20hrs | 136 | by Staff reporter
Zimra faces deepening tax enforcement crisis
The Zimbabwe Revenue Authority (ZIMRA) is grappling with a growing tax enforcement crisis as the dominance of the cash economy, rampant informality, and high-profile tax disputes expose critical weakn...Published: 26 Jun 2025 at 11:26hrs | 1658 | by Staff reporter
Zimra surpasses revenue target by 10%
The Zimbabwe Revenue Authority (Zimra) has exceeded its 2024 revenue collection target by 10.26%, raking in ZWG116.47 billion against a projected ZWG105.63 billion, according to its latest annual repo...Published: 25 Jun 2025 at 14:33hrs | 125 | by Staff reporter
Zimbabwe tourism industry bleeds US$40 million in 90 days
Zimbabwe's tourism industry is reeling from a steep downturn after losing nearly US$40 million in potential revenue during the first quarter of 2025, amid a silent but deadly investor exodus and persi...Published: 06 Jun 2025 at 12:03hrs | 274 | by Staff reporter
Zimbabwe's gold sector performing exceptionally well, but
Zimbabwe's gold sector is experiencing a period of robust growth, yet mining leaders and experts are asking whether the country is fully capitalising on its mineral wealth.This was the central...Published: 24 May 2025 at 09:00hrs | 69 | by Staff reporter
Treasury surpasses Q1 tax revenue target
Zimbabwe has exceeded its tax revenue collection target for the first quarter of 2025, with the Zimbabwe Revenue Authority (ZIMRA) collecting US$1.5 billion, marking a significant milestone in the gov...Published: 13 May 2025 at 10:02hrs | 126 | by Staff reporter
Zimra targets US$7.155 billion in 2025 revenue collection drive
The Zimbabwe Revenue Authority (ZIMRA) has set an ambitious target to collect US$7.155 billion in tax revenue for 2025, reflecting a 17 percent increase from the 2024 target.ZIMRA, the governm...Published: 03 Apr 2025 at 08:05hrs | 90 | by Staff reported
NetOne's OneMoney aims to revolutionise financial inclusion in Zimbabwe
NetOne's mobile financial services subsidiary, ONE Money, is set to transform financial inclusion in Zimbabwe by offering a suite of innovative products and services designed to reach the country's un...Published: 01 Mar 2025 at 09:20hrs | 1245 | by Staff reporter
Crossover nights, annual devotions boost Zim religious tourism
Several indigenous churches have contributed much in boosting Zimbabwe's religious tourism through arrivals and bookings for annual crossover night (year-end shutdown night) and routine ten-day devoti...Published: 02 Jan 2025 at 15:13hrs | 963 | by Gideon Madzikatidze/Simbarashe Sithole
Rwodzi deploys tourism reception lieutenants to improve Zim hospitality
In her quest to continuously brand Zimbabwe as the premier tourism destination, Tourism and Hospitality Industry Minister, Barbara Rwodzi has deployed her deputy (Tongai Mnangagwa) and other executive...Published: 19 Dec 2024 at 17:05hrs | 1502 | by Gideon Madzikatidze/Simbarashe Sithole
Zimbabwe Parliament resumes sitting
Parliament resumed sitting on Tuesday after a week-long break, which was taken to accommodate the Sadc Extraordinary Summit of Heads of State and Government hosted at the new Parliament Building in Mt...Published: 26 Nov 2024 at 17:48hrs | 95 | by Staff reporter
Mthuli Ncube's Ministry fails to provide Zimbabwe's basic economic data
Officials from Zimbabwe's Ministry of Finance faced sharp criticism on Monday during a Parliamentary Portfolio Committee on Budget and Finance meeting after arriving unprepared for the 2025 budget con...Published: 23 Oct 2024 at 15:58hrs | 270 | by Staff reporter
Zimra faces significant debt
The Zimbabwe Revenue Authority (Zimra) faces a significant debt of US$421.4 million and ZiG854.72 million from both private companies and public institutions by the end of the first half of 2024. The ...Published: 02 Aug 2024 at 07:04hrs | 219 | by Staff reporter
Zimbabwe misses mineral revenue target
Zimbabwe faces a challenging economic outlook for 2024, with economists warning of reduced foreign exchange reserves, diminished government revenue, and decreased economic activity due to lower global...Published: 19 Jul 2024 at 06:20hrs | 543 | by Staff reporter
Mthuli Ncube squeezes everyone
GOVERNMENT yesterday announced a cocktail of tax increases, pushing up the cost of living and ease of doing business after reviewing its 2024 revenue projection upwards by 22,22% to ZWL$53,9 trillion....Published: 02 Dec 2023 at 05:42hrs | 12 | by Staff reporter
Zimra revenue collection surpasses target
A TOTAL of $4,43 trillion in revenue was collected against a target of $3,49 trillion in the first half of the year with positive growth recorded on value-added tax on imports, customs duty, excise du...Published: 29 Aug 2023 at 07:04hrs | 4 | by Staff reporter
Zimra surpasses revenue target
The Zimbabwe Revenue Authority (Zimra) collected $1,99 trillion in net revenue last year, 14 percent above the target of $1,60 trillion spurred by milestones registered in the agricultural sector....Published: 24 Jul 2023 at 06:46hrs | 1 | by Staff reporter
Binga coking coal project comes on stream
LONDON-listed natural resource development firm behind the Lubu coking coal project in Binga, Contango Holdings, has completed the connection of power to key infrastructure on-site including the wash ...Published: 10 May 2023 at 05:57hrs | 2 | by Staff reporter
$130 billion Zimdollars earmarked for massive roadworks
ZIMBABWE will double down on road development projects this year, with Treasury and the Zimbabwe National Roads Administration (ZINARA) injecting over $130 billion to rehabilitate about 10 000 kilomet...Published: 15 Jan 2023 at 09:40hrs | 2 | by Staff reporter
A case for Zimbabwe defence forces
DEFENCE and War Veterans Affairs minister Oppah Muchinguri-Kashiri made very disturbing comments this week on the situation in our army barracks where hunger has apparently set up base.C...Published: 26 Oct 2022 at 05:54hrs | 4 | by Staff reporter
Chinese billionaire eyes Zimbabwe Iron and Steel Company partnership
A DELEGATION from the Chinese steel manufacturing giant, Delong Steel, was in the country this week scouting for investment opportunities with the possibility of the company entering into a partnershi...Published: 21 Oct 2022 at 06:08hrs | 2 | by Staff reporter
US$250m injection in new platinum mine
Bravura Consortium, which is owned by Nigerian billionaire Mr Benedict Peters, is finalising resource exploration at its claims in Selous, Mashonaland West province, where it is set to invest US$250 m...Published: 02 Oct 2022 at 08:57hrs | | by Staff reporter
Zimbabwe companies miss Zimra revenue target
THE ZIMBABWE Revenue Authority (Zimra) says companies, which are some of the major contributors to revenue, missed the target for the quarter by 17,8% due to depressed economic performance and negativ...Published: 01 Aug 2022 at 06:36hrs | 1 | by Staff reporter
Zimra builds main office in Bulawayo
THE Zimbabwe Revenue Authority (Zimra) has started the construction of its main offices in Bulawayo, set to house all its operations as the tax collector seeks to improve efficiency.Work on th...Published: 24 Jul 2022 at 09:59hrs | 18 | by Staff reporter
Zimra surpasses H1 net revenue target
THE Zimbabwe Revenue Authority (Zimra) surpassed by 36,84% to $491,49 billion its target for cumulative net revenue collections for the first half of the year, owing to intensified compliance strategi...Published: 22 Jul 2022 at 06:42hrs | 2 | by Staff reporter
Concerns over endless Zim debt escalates
Zimbabwe Coalition on Debt and Development (ZIMCODD) and the Zimbabwe Public debt Indaba (ZPDI) have said there are rising concerns over the deepeni...Published: 06 Apr 2022 at 06:59hrs | | by Stephen Jakes
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 | 10 | by Victor Bhoroma
2022 Post Budget Analysis
The Zimbabwean government presented a ZW$927.3 billion budget (18% of GDP) for the 2022 fiscal year. The government expects to collect revenues totaling ZW$850.7 billion (17% of GDP), thus resulting i...Published: 13 Dec 2021 at 09:11hrs | 9 | by Victor Bhoroma
Zinara rakes in $5bn
THE Zimbabwe National Road Administration (Zinara) has collected $5 billion in toll fees during the first 10 months of the year.The money has since been channelled to support the ongoing Emerg...Published: 07 Nov 2021 at 07:08hrs | 12 | by Staff reporter
Treasury beats revenue target by $35,6bn
Zimbabwe's Treasury has beaten its revenue collection targets for the nine months to September 2021 by $35,62 billion, Finance and Economic Development Minister Professor Mthuli Ncube said at the pre-...Published: 26 Oct 2021 at 06:39hrs | | by Staff reporter
Zimra boss wins gong
ZIMBABWE Revenue Authority acting (Zimra) commissioner-general Rameck Masaire was the recipient of the Chartered Secretary of the Year for 2020 by the Chartered Governance and Accountancy Institute in...Published: 30 Sep 2021 at 07:17hrs | 1 | by Staff reporter
Treasury loses $112 billion to dodgy crony tax exemptions
TREASURY, always in financial dire straits, lost about ZW$112 billion in potential revenue last year (approximately US$1.3 billion on the official exchange rate) through tax expenditures consisting of...Published: 10 Sep 2021 at 18:52hrs | 13 | by Staff reporter
Zimra beats revenue target
Government surpassed its revenue collections' target for the fourth quarter to December 2020 with five out of the 11 revenue heads performing above their quarterly targets while six heads performed be...Published: 07 Apr 2021 at 06:46hrs | | by Staff reporter
Mthuli Ncube hails outgoing Zimra boss
Zimbabwe Revenue Authority (Zimra) Commissioner-General Ms Faith Mazani's three-year tenure at the helm of the organisation has left a positive impact on the tax collector and the country as a whole, ...Published: 25 Jan 2021 at 06:22hrs | | by Staff reporter
Zimra boss quits
ZIMBABWE Revenue Authority (Zimra) Commissioner General Ms Faith Mazani has resigned, amid indications she will be rejoining the International Monetary Fund (IMF) from February next year.Zimra...Published: 23 Dec 2020 at 18:08hrs | 1 | by Staff reporter
Economic growth stimulus precedes taxation
Zimbabwe's 2021 national budget paints a picture of sustained austerity in the mid-term, with increases in taxes for various sectors of the depressed economy. A 126% jump in budgeted tax revenue colle...Published: 22 Dec 2020 at 19:28hrs | 12 | by Victor Bhoroma
2021 National Budget: The Good & the Bad
Zimbabwe's 2021 national budget set a taxing agenda with a 126% jump in budgeted revenues from ZW$173 billion (About US$2.12 billion) anticipated in 2020 to ZW$391.8 billion (US$4.8 billion) budgeted ...Published: 14 Dec 2020 at 13:54hrs | 1 | by Victor Bhoroma
Rushed Zim Dollar introduction cost the economy
The Zimbabwean government recently gazetted the Finance Bill (H.B.4 of 2020) which validates the fiscal changes that were tabled in the Mid-Term budget review in July 2020. The Bill amends the Gains T...Published: 22 Sep 2020 at 18:17hrs | | by Victor Bhoroma
Zimra on course to surpass $4,8 billion target
THE Zimbabwe Revenue Authority (Zimra) is well on course to surpass its half year revenue collection target with the final report for the period set for release at the end of this month, board chairpe...Published: 10 Jul 2019 at 18:33hrs | 1 | by Staff reporter
Zimra expects to surpass ZWL$5bn revenue target
The Zimbabwe Revenue Authority (Zimra) says gross collections have so far reached ZWL$4,96 billion and the tax collector expects to surpass ZWL$5 billion by the end of June.Without any direct ...Published: 28 Jun 2019 at 06:25hrs | 1 | by Staff reporter
NRZ misses revenue target
THE National Railways of Zimbabwe (NRZ) generated ZWL$29,4 million revenue in the first quarter of the year, ZWL$4 million short of its ZWL$33,4 million target, an official has said.NRZ spokes...Published: 04 Jun 2019 at 07:17hrs | 1 | by Staff reporter
Mthuli Ncube resolves govt budget deficit challenges
Consolidated statements of financial performance gazetted on Friday have revealed a strong positive variance between expenditure and expenses, indicating that Government may have found a lasting solut...Published: 29 Apr 2019 at 06:47hrs | | by Staff reporter
Zimra adds 20 000 new taxpayers
The Zimbabwe Revenue Authority (Zimra) registered 20 000 new taxpayers last year as it ratcheted up efforts to increase tax compliance.Revenues accrued to the national purse in the 11-month pe...Published: 10 Feb 2019 at 05:43hrs | | by Staff reporter
Zimra to set up virtual border posts
THE Zimbabwe Revenue Authority (Zimra) is targeting to establish virtual border posts where travellers and their cargo will be cleared in less than five minutes.This was said by Zimra Commissi...Published: 27 Jan 2019 at 19:08hrs | | by Staff reportet
Zimra surpasses FY18 revenue target by 17,7%
Zimbabwe's net revenue collections for the full year to December amounted to $5, 06 billion surpassing its target by about 18% as collections surged in the last quarter due to the 2% tax on electronic...Published: 24 Jan 2019 at 07:29hrs | 1 | by Staff reporter
'Mthuli Ncube's 2% electronic transaction tax illegal'
LEGAL think-tank Veritas still maintains that the 2% electronic transaction tax, which was introduced last year by Finance minister Mthuli Ncube, is still illegal and that attempts to amend the Financ...Published: 23 Jan 2019 at 11:30hrs | | by Staff reporter
Revenue collections surpass $5 billion
ZIMBABWE'S revenue collections surpassed $5 billion after a tax increase on electronic transfers buoyed December collections to peak at $572,4 million, official data has shown.In a bid to shor...Published: 31 Dec 2018 at 18:10hrs | | by Staff reporter
Mthuli Ncube's 2% transaction tax starts bearing fruit
The two percent transaction tax initiated in October 2018 has started bearing positive results towards addressing the budget deficit.The budget deficit has been described by Finance and Econom...Published: 31 Dec 2018 at 16:55hrs | | by Staff reporter
Zimra revenue collections to reach $5bn by year end
ZIMBABWE'S tax agency says it has met this year's revenue target of $4,7 billion and it sees collections reaching $5 billion by year end.Last year, the actual gross revenue collections totalle...Published: 21 Dec 2018 at 10:54hrs | 1 | by Staff reporter
Load More Stories
