BUSINESS NEWS

Zimra turns screws on fake electronic gadgets

The Zimbabwe Revenue Authority (Zimra) has intensified enforcement efforts at the country's borders in response to a surge in counterfeit electronic goods undermining tax compliance and local business...

By Staff reporter | Published: 17 July 2025

BUSINESS NEWS

Delta loses US$74 million tax battle with ZIMRA

Delta Corporation has faced a major setback in its prolonged legal dispute with the Zimbabwe Revenue Authority (ZIMRA) after the Constitutional Court dismissed its appeal challenging previous rulings ...

By Staff reporter | Published: 13 July 2025

BUSINESS NEWS

Zimbabweans fume over 'extortionate' car duty valuations

A promotional campaign by the Zimbabwe Revenue Authority (ZIMRA), launched on June 29, 2025, to encourage voluntary compliance among vehicle owners has ignited widespread public outrage. Instead of fo...

By Staff reporter | Published: 30 June 2025

BUSINESS NEWS

Zimra faces deepening tax enforcement crisis

The Zimbabwe Revenue Authority (ZIMRA) is grappling with a growing tax enforcement crisis as the dominance of the cash economy, rampant informality, and high-profile tax disputes expose critical weakn...

By Staff reporter | Published: 26 June 2025

ZIMBABWE

Zimra surpasses revenue target by 10%

The Zimbabwe Revenue Authority (Zimra) has exceeded its 2024 revenue collection target by 10.26%, raking in ZWG116.47 billion against a projected ZWG105.63 billion, according to its latest annual repo...

By Staff reporter | Published: 25 June 2025

BUSINESS NEWS

ZIMRA waives fines for undeclared vehicles

The Zimbabwe Revenue Authority (ZIMRA) has rolled out a special moratorium inviting individuals, companies, and organisations in possession of improperly cleared motor vehicles to regularise their imp...

By Staff reporter | Published: 23 June 2025

BUSINESS NEWS

Private sector, experts hail Zimra's TaRMS tax regime

Private sector players and financial experts have praised Zimbabwe's Tax and Revenue Management System (TaRMS) for significantly improving taxpayer accessibility and compliance, particularly among sma...

By Staff reporter | Published: 19 June 2025

BUSINESS NEWS

17 tonnes of T-shirts land Zimra officials, NGO director in court

Two Zimbabwe Revenue Authority (Zimra) officials, along with five other individuals, have been arrested and brought before the Harare Magistrates' Courts following allegations of smuggling 17 tonnes o...

By Staff reporter | Published: 13 May 2025

BUSINESS NEWS

Zimra in tax compliance drive

The Zimbabwe Revenue Authority (Zimra) has introduced a series of taxpayer self-service kiosks across the country in a bid to simplify and improve the tax compliance process for individuals and busine...

By Staff reporter | Published: 16 April 2025

MINING & RETAIL

ZIMRA delays Prospect's bid to increase stake in Arcadia

Prospect Resources says a Zimbabwe Revenue Authority (ZIMRA) clearance certificate is the only remaining consent required to complete the transaction of increasing its stake in Arcadia Lithium Project...

By Staff reporter | Published: 17 October 2019

BUSINESS NEWS

Companies, parastatals default paying tax: Zimra boss

Zimbabwe Revenue Authority (Zimra) Commissioner-General Faith Mazani on Tuesday told Parliament that companies and parastatals were not paying taxes resulting in a huge tax debt.Mazani appeared before...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Zimra sweats over tax defaulters

THE Zimbabwe Revenue Authority (Zimra) is sweating over the fiscalisation of companies after it emerged that some entities have not connected the recording of their taxable transactions on the fiscal ...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Zimra lifestyle audit: 36 suspended

THE Zimbabwe Revenue Authority (Zimra) suspended at least 36 officers implicated in lifestyle audits, while processes are underway at the High Court to forfeit the ill-gotten wealth.Zimra Commissioner...

By Staff reporter | Published: 24 September 2019

BUSINESS NEWS

Zimra on course to surpass $4,8 billion target

THE Zimbabwe Revenue Authority (Zimra) is well on course to surpass its half year revenue collection target with the final report for the period set for release at the end of this month, board chairpe...

By Staff reporter | Published: 10 July 2019

BUSINESS NEWS

Zimra collects $230m in Q1 at Beitbridge

The Zimbabwe Revenue Authority (ZIMRA) has recorded a relative increase in revenue levied on commercial cargo which passes through Beitbridge Border Post in the first quarter of the year in comparison...

By Staff reporter | Published: 01 July 2019

BUSINESS NEWS

Zimra alerts buying public

THE Zimbabwe Revenue Authority (Zimra) is advising members of the public to demand receipts from retailers and service providers that indicate the currency they would have used in effecting payments.Z...

By Staff reporter | Published: 12 June 2019

BUSINESS NEWS

Chaos in Beitbridge after system collapse

SCORES of travellers between South Africa and Zimbabwe were stranded at Beitbridge yesterday when a systems failure hit the South African immigration office affecting biometric processing of arrivals ...

By Staff reporter | Published: 09 June 2019

BUSINESS NEWS

Zimra finalising fiscalisation project

Zimbabwe's tax agency says it is concluding implementation of its fiscalisation programme and that it will undertake the exercise without affecting business.The fiscalisation programme, which is aimed...

By Staff reporter | Published: 03 May 2019

BUSINESS NEWS

Zimra net closes in on tax dodgers

THE Zimbabwe Revenue Authority (Zimra) will start to access third-party information from different Government databases and financial institutions to track companies and individuals that are not payin...

By Staff reporter | Published: 28 April 2019

BUSINESS NEWS

Zimra couple ordered to explain source of wealth

THE High Court has given a Harare couple employed by the Zimbabwe Revenue Authority (Zimra) 30 days to explain the source of their wealth, failing which their properties valued at $762 000 will be for...

By Staff reporter | Published: 25 April 2019

BUSINESS NEWS

Prophet Magaya church accounts garnished by Zimra

The Zimbabwe Revenue Authority (Zimra) has garnished Walter Magaya's Prophetic Healing and Deliverance (PHD) Ministries accounts for alleged tax arrears amounting to $22 million.According to a Zimra s...

By Staff reporter | Published: 07 February 2019

BUSINESS NEWS

Zimra top brass in smuggling racket

THE Zimbabwe Revenue Authority (Zimra) 10 top managers have been named in an alleged $3 million cooking oil and chicken smuggling racket, which was reportedly swept under the carpet.Documents gleaned ...

By Staff reporter | Published: 06 January 2019

BUSINESS NEWS

Zimra to collect $6,2bn in 2019

The Zimbabwe Revenue Authority (Zimra) plans to collect $6,2 billion from taxes this year, representing about 76 percent of the $8,16 billion 2019 Budget. With Zimbabwe's gross domestic product (GDP)&...

By Staff reporter | Published: 04 January 2019

BUSINESS NEWS

Revenue collections surpass $5 billion

ZIMBABWE'S revenue collections surpassed $5 billion after a tax increase on electronic transfers buoyed December collections to peak at $572,4 million, official data has shown.In a bid to shore up dep...

By Staff reporter | Published: 31 December 2018

BUSINESS NEWS

Zimra starts forex tax collection

The Zimbabwe Revenue Authority (Zimra) has started collecting taxes, especially Value Added Tax (VAT) and Pay-As-You-Earn (PAYE) in foreign currency from companies that collect payments in that curren...

By Staff reporter | Published: 31 December 2018
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