Zimra Directed To Target Rich Individuals Who Do Not Pay Taxes

5 years agoFri, 21 Dec 2018 01:44:36 GMT
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Zimra Directed To Target Rich Individuals Who Do Not Pay Taxes

In a speech read on his behalf yesterday, Secretary for Finance and Economic Development George Guvamatanga directed the Zimbabwe Revenue Authority (Zimra) to widen revenue collection measures including pursuing individuals who evade paying taxes.

The speech was read by the finance ministry’s chief economist, Mr Kudakwashe Mudereri, during a media briefing on Zimra’s five-year strategy (2019-2023). Said Guvamatanga:

We cannot have a situation where a few rich individuals who do not pay taxes are sustained by hardworking individuals who religiously pay taxes. In Statutory Instrument 246 of 2018, the Government may issue an ‘unexplained wealth’ order in respect of properties with no full disclosure. We expect Zimra to aggressively carry out lifestyle audits to flush out individuals who acquire ill-gotten wealth and those who create wealth without paying taxes.

More: Herald

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