ZIMRA, HIT Sign MOU To Enhance Domestic Resource Mobilisation

1 year ago
Thu, 18 Nov 2021 16:03:44 GMT
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ZIMRA, HIT Sign MOU To Enhance Domestic Resource Mobilisation

The Zimbabwe Revenue Authority (ZIMRA) has signed a Memorandum of Understanding (MOU) with the Harare Institute of Technology (HIT)) to enhance domestic resource mobilisation.

The prime objectives of the MoU are to provide a broad base for cooperation with the intention of mobilising domestic revenue through the use of their respective personnel, facilities, electronics and resources to unearth economic and business activities being conducted within the economy.

The agreement also involves collaboration in the development of local software solutions to enhance domestic resource mobilisation for the economic development of Zimbabwe.

The two parties agreed to exchange information concerning strategies for revenue mobilisation and collection with a view to developing a common understanding of challenges being faced.

This will include information on sector-specific practices on tax levying and collection, together with the implementation of special projects in different sectors to assess and implement tax compliance, share information on the formulation and implementation of compliance programmes with special emphasis on the use of technological and electronic systems.

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ZIMRA and HIT shall provide each other with practical, technical and theoretical training on revenue mobilisation and development of software solutions in domestic resource mobilisation to enhance the capacity of ZIMRA.

The overall aim is to improve ZIMRA’s service delivery. They also agreed to establish a Joint Technical Committee to oversee the implementation and administration of this MoU.

ZIMRA Acting Commissioner General, Mr Rameck Masaire applauded both parties for working tirelessly to produce this MoU. He said:

I am very cognisant about the process that ZIMRA and HIT went through so as to balance the interest of both parties and bear transformative ideas whose positive impact will be felt across the economy and beyond.

Speaking at the signing ceremony, HIT Vice-Chancellor Dr Eng. Q.C Kanhukamwe said the partnership is a convergence of minds and is pivotal in making breakthroughs in terms of resource mobilization and industrialisation.

More: Pindula News



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