Treasury gets tough on tax defaulters

TAX defaulting firms now risk temporary closure as the government plans stiffer penalties in a bid to enforce compliance. Presenting the 2022 mid-term budget review last week, Finance minister Mthuli Ncube said the Zimbabwe Revenue Authority (Zimra) was as at June 30, 2022 owed $23 billion in taxes. “Efforts to recover the outstanding tax debts…

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