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ZIMRA extends tax amnesty

The Zimbabwe Revenue Authority (ZIMRA) says it is extending an olive branch to companies who are in arrears with their taxes to come forward and negotiate a payment plan.

Addressing a media workshop which ran under the theme: ‘Taking Taxation to the People,’ in Bulawayo today, ZIMRA Acting Commissioner General, Mr Happious Kuzvinzwa said companies across the country owe the revenue authority in excess of US$2 billion, forcing the authority to issue out garnish orders to compel the companies to pay.

He added that they are however aware of the challenges that various companies are facing hence the extension of the olive branch to companies.

Mr Kuzvinzwa also revealed that the window period for small to medium enterprises (SMEs) to register their businesses without any questions and no retrospective collection of taxes expires on the 30th of June this year.

He also said that ZIMRA is committed to ensuring that the ease of doing business is achieved in the country through fiscalisation, electronic services as well as electronic cargo tracking system.

ZIMRA Board Secretary and Director of Legal and Corporate Services, Ms Florence Jambwa said people should know that paying taxes is a sign of patriotism and loyalty to their country.

The media workshop saw journalists being taken through topics such as domestic taxes, amplification of fiscal legislation as well as customs and excise laws.

 

Source :

zbc

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