Zimbabwe talks tough on taxes

Zimbabwe talks tough on taxes
Published: 18 September 2013
Zimbabwe's tax commissioner says the government wants to turn around following the damage cause by 15 years of de-industrialisation and investment outflows, but this does not mean going soft on tax penalties charged to multinational companies.

In calling for more dialogue with global enterprises to understand the nature of their businesses, Zimbabwe Revenue Authority commissioner-general Gershom Pasi took issue with Botswana's "soft" tax penalty rates of 1.5% to 12% on Monday at the EY Africa Tax Conference.

In Zimbabwe, he said, the penalty for a first tax offence is a maximum rate of 100% and then a maximum rate of 200% for subsequent offences.
- dailynews
Tags: Taxes,


Latest News

Latest Published Reports

Latest jobs