‘Zimbabwe’s Tax Collections 6% Below Target’-Zimbabwe Revenue Authority (ZIMRA)

‘Zimbabwe’s Tax Collections 6% Below Target’-Zimbabwe Revenue Authority (ZIMRA)

Zimbabwe’s tax collections were six percent below target during the first half of the year while mining royalties and value added tax plunged, reflecting a struggling economy, the tax agency said on Wednesday. The economy, where mining contributes around 17% to gross domestic product, is expected to struggle this year due to low commodity prices and a poor farming season. Willia Bonyongwe, the chairperson of the Zimbabwe Revenue Authority (ZIMRA) said tax collections between January…

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