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Zimra Records $27 Million Revenue Decline 10 Days After Govt Legalised Payment Of Import Duty In Forex

5 years agoMon, 10 Dec 2018 09:35:44 GMT
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Zimra Records $27 Million Revenue Decline 10 Days After Govt Legalised Payment Of Import Duty In Forex

Zimra Head of Communications Mr Francis Chimanda said they recorded a decline of $27 million from commercial and vehicle imports in the first 10 days after Government legalised payment of duty on specified goods in foreign currency.

Chimanda said 10 days before the announcement of the new budget statement by Finance Minister Mthuli Ncube, they collected a total of $44, 579, 314, 94 from duty on commercial goods. He said a total of $17,935,969.83 in revenue was collected between 23 November and 2 December 2018 on commercial goods at all ports of entry. Chimanda said they collected $5,4 million (between 12 and 22 November) and $1,6 million (between 23 November and 2 December) respectively on vehicle imports nationwide.

He said vehicle imports through Beitbridge had declined from around 200 to 40 daily. Said Chimanda:

An average of 40 vehicles are being cleared on a daily basis. Further, the national daily average of revenue collected for imported vehicles and commercial goods is $267,311.90 and $3,1 million daily. We also take note of non-compliance towards duty payments as a result of several factors including; attitude of some clients towards paying taxes, restricted border infrastructure versus the ever-increasing volumes of travellers who pass through the border during peak periods and the impact of stakeholder or partner processes in the clearance of travellers.

More: Chronicle

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