Finance / Zimbabwe
“We find new ways to stabilize revenue.”
In a country facing a liquidity crunch, the Zimbabwe Revenue Authority (ZIMRA) last year collected $1.72 billion in tax revenue.
How does ZIMRA help Zimbabwe’s economy?
We know where the economy’s weak and strong areas are. We provide advice, allowing businesses and industries to perform well and grow. Our economy is not like other economies. We are creative and we find new ways to stabilize revenue. We are very accommodating to companies that run into problems. That’s how we collected $167 million in corporation tax against a target of $185 million in the first half of 2015. We sit with companies and work out a plan for a win-win situation.
What are the main factors behind this success?
We have been given the freedom to do what we know best. ZIMRA began in 2001. We are almost as old as the sanctions that have been imposed on the country. In the face of this we have no option but to be efficient and effective.
How will ZIMRA continue to dispense its knowledge?
Now the government has embraced integrated results it has encouraged ZIMRA to hold the hands of other arms of government. We’ll show them how good corporate governance is done.
