Published: 15 April 2014

Government is working on a cocktail of measures to formalise small and medium enterprises so that they pay taxes and directly contribute to economic growth.

Experts from South Korea will assist the government in formalising a sector that is said to hold $7.4 billion, most of which never - or only fleetingly - enters formal channels.

Addressing delegates at a symposium organised by the National Business Council of Zimbabwe in Harare yesterday, Zimbabwe Revenue Authority Commissioner-General Gershem Pasi said the informal sector would soon start being formalised.

He said a Zimra; the Local Government, Public Works and National Housing Ministry; the Small and Medium Enterprises and Co-operatives Development Ministry; and other Government arms were working on the matter.

Pasi said a team of experts from South Korea would be visiting Zimbabwe to assist with formalisation of the SMEs sector.
- The Herald

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