Tax Dodgers Whistle Blowers Can Now Claim 10% Of The Recovered Taxes And Duties
The Finance and Economic Development Minister Professor Mthuli Ncube on Friday published a new Statutory Instrument 150 of 2020, The Revenue Authority (Reward for Information) (General) Regulations, 2020 which regulated that Whistle Blowers can now claim up to 10% of the recovered money if they turn in tax dodgers, The Herald reports.
According to the publication, the SI regulates that:
Various people cannot claim reward including Zimra staff and their near relatives and the Revenue Board, or those who would have obtained the information as part of their official duties when working for Zimra or sitting on the board, and getting the information from someone who cannot claim the reward and is passing it on to someone who can.
Anyone who was involved in the under-reporting or non-payment of tax cannot be paid a reward, either, effectively barring accomplices.
ZIMRA has said it will do its best to protect the identity of the whistleblower. On another note, those who provide false information will be fined a maximum of a level 7 fine, $9 600 or two years in jail or both.
More: The Herald