Cash economy worries Zimra

Zimra Commissioner-General Regina Chinamasa

THE Zimbabwe Revenue Authority (Zimra) is facing significant challenges in enforcing tax rules due to the prevailing cash-dominated economy.Many transactions in a cash-based economy occur outside the formal banking system. This makes it challenging for Zimra to monitor income and sales, particularly for businesses operating in the informal sector.Zimra’s Commissioner General, Regina Chinamasa, highlighted these…

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