Firms’ profits, dividends boost government revenue

THE Zimbabwe Revenue Authority (ZIMRA) says it saw a considerable increase in taxes related to corporate earnings and dividends during the first quarter of 2019, after some firms recorded robust performances in 2018.
This comes as many companies in the country, particularly those listed on the Zimbabwe Stock Exchange (ZSE), recorded robust performances during the six months ended December 31, 2018, despite economic challenges that beseeched the country during the this period.

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Revenue head recorded a positive growth of 176,78 percent from $18,72 million that was collected in the first quarter in 2018.

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