Parliament Calls For Lifestyle Audits

The Parliamentary Portfolio Committee on Public Accounts has urged the Government to implement lifestyle audits as a tool in fighting corruption, fraud and money laundering.

The chairman of the committee, Brian Dube, bemoaned the country’s tax system, saying it works against the poor. He said:

If a person is able to buy a Lamborghini for US$500 000 then ZIMRA should be able to follow how much tax they would have paid in that year. But, we have very weak systems to allow ZIMRA to do that.

… The tax system in the country is prejudicial to the poor people whom I believe are being overtaxed.

We do not have a systematic process relating to wealth tax to make sure that those who have more pay significantly more taxes.

This means that the poor are now taking less home which contributes to the suffering of the majority.

Tax Matrix CEO, Marvellous Tapera, told Business Times said a large number of people operating in the informal sector do not pay employment tax and corporate tax. He said this should be corrected.

Tapera also urged Finance and Economic Development minister, Mthuli Ncube, to raise the ZWL$25 000 tax-free threshold.

More: Business Times

Download the Pindula App for a better user experience.

Join WhatsApp & Telegram News Groups:

WhatsApp Group: https://chat.whatsapp.com/D3p2N7OV4gTKVkg5QwUdvY

Telegram Group:

Back to top

One Comment on “Parliament Calls For Lifestyle Audits

  1. Life style audits are counterproductive.
    Put in place legal frameworks that make it difficult for criminals to steal resources that are not theirs.
    The life style audits in under current structure are victimization platforms for those not perceived to to be pro establishment. It boils down to selective application of the law.

    If you look at those in Govt, can you point to anyone who can justify their life styles based on their government remuneration?

    Let’s not enjoy abuse of the public privileges, and celebrate hard working Zkmbabweans who have succeeded under extremely difficult economic circumstances.
    There are many urgent issues to deal with, that have valuevenhancenent impact than the envisaged life style audits.
    Let’s not be jokes all year round. There are urgent national issues crying for attention.

Write a Comment

Your email address will not be published.

Share Full Post