The Zimbabwe Revenue Authority (Zimra) have been accused of shutting down struggling local businesses through constant harassment. The tax authority is always raiding businesses to no end and has now threatened to garnish bank accounts. Zimra contends that it is owed $2 billion by taxpayers.
Confederation of Zimbabwe Industries (CZI) president Busisa Moyo said:
There are a lot of Zimra audits that are going on right now and there are a lot of challenges there.
Some small companies are being asked to pay penalties of as much as $1,5 million.
Instead of cutting down the whole tree, Zimra should nurture these businesses so that it can enjoy the fruits all year round. Many of our companies are operating at less than 10 percent capacity utilisation; therefore they cannot borrow money to repay Zimra
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