Tax incentives draining Zimbabwe’s coffers: WB

Zimbabwe’s tax administration is also modernising through digitalisation. The Tax and Revenue Management System (TaRMS) enables real-time tax processing.

ZIMBABWE has the potential to significantly boost its tax revenue, up to nearly a quarter of its gross domestic product (GDP), by reforming its fiscal incentives, according to the World Bank.In its latest Zimbabwe Public Finance Review report, the bank highlighted that while the country has improved domestic revenue collection in recent years, it still…

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