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(Zimra) to lose US$1 billion in potential revenue as companies applying for concessions to import capital goods duty free increases.
THE Zimbabwe Revenue Authority (Zimra) is expected to lose US$1 billion in potential revenue this year as the number of companies applying for concessions to import capital goods duty free increases. Government has been agreeable to the facility as it bets on increased investment in the productive sectors of the economy. Worryingly, Zimra has not been able to meet its revenue targets. The tax authorities managed to meet and exceed their targets during the…
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