The Zimbabwe Revenue Authority (ZIMRA) has stepped up efforts to curb revenue leakages. The tax collector will introduce tax metres to capture economic activity by business next year in a development likely to increase tax collections.
ZIMRA conducted a successful pilot project for the tax meter system.
Speaking at the Zimbabwe Defence College to senior officers in the Zimbabwe Defence Forces as well as their foreign counterparts, ZIMRA Commissioner General Gershom Pasi said the tax metres will record all economic activity in real time, thus improving revenue inflows.
“It’s targeted at all economic activities, whether operating as one person band or multinational. We have created capacity as an authority, we have just signed off the testing phase, so now we are rolling out the system and it allow us to capture real time economic activities and allows us to see when the machine are switched off or when operators are not utilising them then our team can engage them. During ICASA all taxes that were authorised were using that tax metre system,” said Mr Pasi.
The system is part of the e-government project and will help monitor tax compliance as well as how much economic activity is going on in the country.
Commenting on the tax amnesty Mr Pasi said ZIMRA will now follow up people who will have made declarations, while the modernisation efforts will help catch up with businesses that did not take advantage of the tax amnesty.
ZIMRA introduced fiscalised gadgets in 2012 but the equipment was old and posed problems in interfacing with the computerised system and commercial entities. ZBC
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