ZIMRA has reported that it has exceeded its revenue target for 6-months revenue collection as it applauds the informal sector for its improved compliance.
ZIMRA Applauds Informal Sector Over Improved Tax Compliance
Commissioner General Regina Chinamasa revealed to Parliament’s Budget Committee that the Block Management System, implemented in 2024, has significantly improved tax compliance among informal businesses.
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“Our regional kiosk initiative has successfully brought small and medium enterprises into the tax framework,” Chinamasa noted during her presentation.
ZIMRA’s deployment of aerial surveillance technology at major border crossings, including Beitbridge, has strengthened customs enforcement. The authority continues to implement its Electronic Single Window system to streamline operations across 22 border agencies, reducing processing times for travellers and commercial shipments alike.
Challenges and Legislative Priorities
Despite the positive results, ZIMRA faces operational constraints, including $800 million in legacy debts and the need for infrastructure modernisation. Chinamasa emphasised the importance of aligning wealth tax legislation and securing funding for ongoing digital transformation projects.
Budget Committee Chair Dr. Energy Mutodi pledged legislative support for ZIMRA’s mission, announcing plans for oversight visits to border posts.
“As lawmakers, we recognize ZIMRA’s vital role in national development and will work to strengthen their operational capacity,” Mutodi stated following the briefing.
The revenue authority remains focused on achieving an 18% tax-to-GDP ratio this year, with recent economic growth indicators suggesting favourable conditions for continued revenue expansion.
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The post ZIMRA Exceeds Targeted 6-Months Revenue, Applauds Informal Sector Compliance appeared first on iHarare News.
