‘Taxation overhaul will buoy business’

BUSINESS is urging authorities to craft new tax laws and overhaul the various acts that govern tax collection to lessen the corporate burden and simplify tax computation and payment procedures.
Although the mining industry remains upbeat about its growth prospects going forward, it is one of the major sectors that would like the country’s tax regime to be reformed and to be less punitive.

Speaking at a well-subscribed tax review breakfast meeting hosted by The Financial Gazette in conjunction with the Zimbabwe Revenue Authority (Zimra) and the Zimbabwe Institute of Tax Accountants (ZITA) in Harare last week, the chief executive of the Chamber of Mines, Isaac Kwesu, said such reforms would boost bu