Zimra Says There Will Be No Debt Write-Off, Owed $3.9 Billion

Posted by Maveriq

The Zimbabwe Revenue Authority (Zimra) has declared that there will be no debt write-off as this could encourage people and businesses not to pay their taxes. The revenue collection authority is owed $3.9 billion by companies and councils. Appearing before the Parliamentary Portfolio Committee on Finance and Economic Development, Happias Kuzvinzwa, the Zimra commissioner for domestic taxes said:

If we write-off, what message do we give to those who are compliant? Yes, if we force them to pay today they will collapse, but if we come up with a payment plan, they will know that they will pay up.

We exceeded target with a level which we didn’t do for the past four years, given the harsh economic environment. We did quite well in line with new dispensation we can safely that the strength of any government is seen by its capacity to mobilise resources.

More: NewsDay

 

Zimbabwe Revenue AuthorityHappias Kuzvinzwa

The Zimbabwe Revenue Authority is a government department which is responsible for the collection of state revenue in form of excise duty, customs duty, road tolls, corporate and civil taxes. In addition, it also facilitates trade, offers fiscal advise to the government as well as... Read More About Zimbabwe Revenue Authority

Happias Kuzvinzwa is the acting Commissioner General for the Zimbabwe Revenue Authority. He has served in various positions in regional boards such as COMESA and SADC. Read More About Happias Kuzvinzwa

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