Thursday, 1 October 2015

Zimbabwe Revenue Authority Names and Shames Tax Evaders.

The Zimbabwe Revenue Authority will name and shame tax evaders as Government moves to improve efficiency and effectiveness in tax collection.

Members of the National Assembly approved the proposal on Tuesday after they unanimously passed the Finance Bill steered by Finance and Economic Development Minister Patrick Chinamasa.
Zimbabwe Revenue Authority Names and Shames Tax Evaders.
There were indications that several public officials and private firms were evading tax, prejudicing Government of the much-needed financial resources.

The Finance Bill seeks to, among other things, give effect to the revenue measures that Minister Chinamasa announced in the 2015 Mid-Year Fiscal Policy Statement as well as protect Air Zimbabwe assets from being attached by creditors.

“Mr Speaker Sir, in order to enhance efficiency in the operation of Zimra, as well as improving compliance to legislative requirements by taxpayers, I proposed to amend the legislation to provide for the publication of names of convicted tax offenders,” said Minister Chinamasa.

“Mr Speaker Sir, the Bill also seeks to invoke the provisions of the State Liabilities Act in order to protect Air Zimbabwe Corporation’s assets from attachment by its domestic creditors. The protection will expire on the 31st of July 2018.”

Minister Chinamasa said Government expected the national airline to have improved its fortunes by then.

Details to follow…
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