[The Herald] REVENUE collected by the Zimbabwe Revenue Authority for the first quarter of the year fell by 9,75 percent due to depressed economic activity, widening tax debt, non-compliance by taxpayers, corruption and lack of complete automation. Gross collections for the quarter amounted to $782 million while refunds, consisting of Value Added Tax (VAT) and Customs Duty, stood at $57,11 million, which resulted in net collections of $724,89 million.The net collections were 84,11 percent of the targeted $861,83 million ......
↧