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Government owed over $4,5bn by tax dodgers

Government is owed over $4,5 billion by tax evaders, Finance ministry secretary George Guvamatanga has said.

Reserve Bank of Zimbabwe Governor John Mangudya presents his Monetary Policy Statement, while Finance and Economic Development Minister Professor Mthuli Ncube and Permanent Secretary George Tongesayi Guvamatanga look on at the RBZ in Harare yesterday. —(Picture by Tawanda Mudimu)
Reserve Bank of Zimbabwe Governor John Mangudya presents his Monetary Policy Statement, while Finance and Economic Development Minister Professor Mthuli Ncube and Permanent Secretary George Tongesayi Guvamatanga look on at the RBZ in Harare. —(Picture by Tawanda Mudimu)

Presenting the 2018 expenditures and 2019 budget priorities before the parliamentary portfolio committee on Finance on Monday, Guvamatanga expressed concern over tax dodging.

“It is important to note that we have a compliance issue, chairman. As of today, government is actually owed over $4,5 billion in unpaid taxes.

“The composition of these taxes …is of significant concern to treasury. They are made up of Value Added Tax (Vat), Payee and income tax,” he said.

“In other countries…. you collect Vat and income tax as an agent of the government and the expectation is that within a specified number of days after collection, you hand it over, and when you don’t, it’s theft or fraud,” he said. DailyNews

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