Tax Revenue Below Target, Mining Royalties, Company Tax Fall, According To Zimra

Tax Revenue Below Target, Mining Royalties, Company Tax Fall, According To Zimra

ZIMBABWE’s tax revenue for the third quarter came in below target after mining royalties and company tax fell in an economy struggling with weak commodity prices and high unemployment, the tax agency said on Monday. The Zimbabwe Revenue Authority (ZIMRA) chairwoman Willia Bonyongwe said, the agency raked inUS $878 million in tax revenue between July and September against a target of US$964 million, missing its stated target by 9 percent. ZIMRA collected $884.5 million during the…

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