THE Zimbabwe Revenue Authority (Zimra) is carrying out risk-based audits with assistance from tax inspectors, as well as intensifying intelligence gathering on business activities to plug revenue leakages.
In a statement accompanying the tax collector’s second quarter performance this week, Zimra vice board chairperson, Josephine Matambo, said there was a deliberate effort to implement various revenue enhancement measures.
“…we are embarking on a foreign currency voluntary disclosure compliance project. The project’s focus is to encourage taxpayers to voluntarily disclose their foreign currency activities and remit to Zimra what is due to it. This project will ensure continued voluntary compliance by taxpayers who are trading in foreign currency.
“We are also carrying out risk-based audits with the assistance of Tax Inspectors Without Borders (TIWB) experts. The audits are mainly focusing on cases with high revenue potential,” Matamb
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.