BUSINESS NEWS

'Trade in forex, pay tax in forex'

The Zimbabwe Revenue Authority has directed businesses that are trading in multi-currencies to remit taxes in the same currency in which the goods have been sold. "Zimbabwe Revenue Authority has notic...

By Staff reporter | Published: 19 November 2018

BUSINESS NEWS

Zimra mulls debt write-offs

THE Zimbabwe Revenue Authority (Zimra) says it is mulling several debt management strategies including write-offs following recent lapse of a tax moratorium.Highlighting tax defaults had continued ris...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

IMFpraises Zimra systems

A six-member International Monetary Fund (IMF) delegation says the Zimbabwe Revenue Authority (Zimra)'s systems and human capital are up to standard, although there is scope for further improvement.Th...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

Zimra ordered to refund Zimplats $9,5m

ZIMBABWE Revenue Authority (ZIMRA) has been caught on the wrong side of the law in collecting revenue and the High Court has ordered it to pay back $9,5 million it unlawfully garnished from a local mi...

By Staff reporter | Published: 17 September 2018

BUSINESS NEWS

Sugar firm in $45m tax storm

Zimbabwe Sugar Sales (ZSS) Ltd, a company that sells and distributes sugar on behalf of Hippo Valley Estates and Triangle Limited, has been caught up in a $45 million tax evasion storm. The Zimbabwe R...

By Staff reporter | Published: 17 September 2018

BUSINESS NEWS

Bid to spite whistle-blower backfires on Zimra official

The Zimbabwe Revenue Authority (Zimra) has suspended its commissioner responsible for investigations Charles Jaure with immediate effect after he was implicated in a bribery case in which he allegedly...

By Staff reporter | Published: 13 September 2018

BUSINESS NEWS

Zimra suspends senior official

The Zimbabwe Revenue Authority has suspended its commissioner responsible for investigations, Charles Jaure, with immediate effect after he was implicated in a bribery case in which he allegedly deman...

By Staff reporter | Published: 12 September 2018

BUSINESS NEWS

Zimra embarks on tax administration reforms

THE Zimbabwe Revenue Authority (Zimra) says it is ready to contribute to a "new dispensation" through tax administration reforms, which seek to simplify tax rules and help taxpayers to meet regulatory...

By Staff reporter | Published: 10 September 2018

BUSINESS NEWS

Zimra official in nasty tiff with tax whistleblower

AN acrimonious fight between a top Zimbabwe Revenue Authority (Zimra) official and a whistleblower has reportedly prejudiced the country of millions of dollars with the former allegedly slashing amoun...

By Staff reporter | Published: 10 September 2018

BUSINESS NEWS

Zimra to reform tax collection processes

THE Zimbabwe Revenue Authority (Zimra) says it is looking to reform its tax processes as part of measures to improve collections and expand the tax base.While collections have improved in the first ha...

By Staff reporter | Published: 07 September 2018

BUSINESS NEWS

Zimra adopts conciliatory approach

The Zimbabwe Revenue Authority (Zimra) says it has dumped its combative tax administration tactic in favour of a conciliatory approach whereby tax payers willingly comply with the dictates of the coun...

By Staff reporter | Published: 07 September 2018

POLITICS

Zacc probes Zimra official

THE Zimbabwe Anti-Corruption Commission (Zacc) yesterday said it was closing in on a top Zimbabwe Revenue Authority (Zimra) official implicated in a bribery storm after he allegedly demanded a bribe f...

By Staff reporter | Published: 06 September 2018

BUSINESS NEWS

Mnangagwa's position on Zimra tax penalties lauded

INDUSTRIES in Mutare, most of which are struggling to find their feet following years of economic recession, were left a relieved lot after they met President Mugabe who promised to put to an end the ...

By Staff reporter | Published: 27 July 2018

POLITICS

Zimra delay rattles Mnangagwa

A DELAY by the Zimbabwe Revenue Authority in clarifying tax issues around a $100 million commercial loan recently advanced by the British government, through the state-run Commonwealth Development Fun...

By Staff reporter | Published: 27 July 2018

BUSINESS NEWS

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...

By Staff reporter | Published: 26 July 2018

BUSINESS NEWS

Zimra to review tax fines

THE Zimbabwe Revenue Authority (Zimra) is considering reviewing downwards interests and penalties on tax defaults amid revelations that a whopping $2 billion was charged in 2017, almost doubling the c...

By Staff reporter | Published: 26 July 2018

BUSINESS NEWS

Zimra tightens noose on smugglers

THE Zimbabwe Revenue Authority (Zimra) says seizure of contraband has risen significantly over the past few days after it tightened screws on cross-border traders involved in smuggling of goods across...

By Staff reporter | Published: 25 July 2018

BUSINESS NEWS

Zimra intercepts $10m drugs

THE Zimbabwe Revenue Authority (Zimra) says it intercepted dangerous drugs worth $10 million last year, after increasing its footprint at ports of entry. This comes as the tax collector, together with...

By Staff reporter | Published: 20 July 2018

BUSINESS NEWS

Zimra loses VAT battle to lawyers

The Zimbabwe Revenue Authority (Zimra) has lost a High Court case in which it was seeking to compel the Law Society of Zimbabwe (LSZ) to pay value added tax (VAT) on income earned from fees and subscr...

By Staff reporter | Published: 20 July 2018

BUSINESS NEWS

Zimra speaks on board fees

THE 9 percent jump in fees and allowances for Zimbabwe Revenue Authority board members for the year to December 31 last year, has been attributed to the high number of meetings held to tackle pressing...

By Staff reporter | Published: 19 July 2018

BUSINESS NEWS

Zimra surpasses target

THE Zimbabwe Revenue Authority (Zimra) performed beyond expectations in the first half of 2018 after gross collections hit $2,41 billion against the budgeted $2,10 billion, driven by excise duty, net ...

By Staff reporter | Published: 19 July 2018

POLITICS

Zimra board pockets $300k

Zimbabwe Revenue Authority (Zimra) board members made rich pickings from fees and allowances last year after pocketing a combined $292 582 last year, representing a 9 percent rise from the prior year....

By Staff reporter | Published: 17 July 2018

BUSINESS NEWS

'Zimra's corruption organised crime'

ZIMBABWE Revenue Authority (Zimra) board chairperson Willia Bonyongwe has likened corruption in the authority to organised crime as the tax collector continues battling corrupt elements within its ran...

By Staff reporter | Published: 06 July 2018

BUSINESS NEWS

60% of Zimbabwe's taxpayers in default

The Zimbabwe Revenue Authority (ZIMRA) has been hit by low tax compliance levels as 60 percent of registered taxpayers are not remitting their dues, a senior official said.ZIMRA commissioner-general F...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

Mphoko's Choppies fails to pay Zimra

THE government has distributed to Bulawayo hospitals foodstuff confiscated from former Vice President Phelekezela Mphoko's trucks at Beitbridge border post by the Zimbabwe Revenue Authority (ZIMRA).Th...

By Staff reporter | Published: 04 July 2018
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