Companies default on corporate tax

Companies default on corporate tax
Published: 30 January 2014

Zimbabwe's tax collector is owed over $500 million by companies through taxes making it difficult for the tax collector to meet revenue targets.

This has forced the tax collector to engage government on the issue, an official has said.

Speaking at a workshop aimed at conscientising MPs on the operations of Zimbabwe Revenue Authority (Zimra), the authority's commissioner-general Gershem Pasi said several companies owed the revenue authority money due to the fact that the government was not paying for services rendered.

Pasi said some of the parastatals and local authorities that were paying their bosses huge amounts of salaries were partially paying taxes to Zimra.
- newsday
Tags: Tax, Zimra,

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