THE Zimbabwe Revenue Authority (Zimra) says it will leverage its digitalisation strategy to improve tax compliance among informal businesses as part of efforts to widen the national tax base. Zimbabwe’s economy remains heavily informal, with fewer than 40 percent of businesses contributing to the tax net, resulting in reduced revenue collection. Addressing delegates at the…
Zimra bets on digital tools to close tax gap
The second phase of the digital tax platform will deepen automation and connectivity with external institutions after the successful implementation of the first phase, which has significantly improved data integrity, payment accuracy and taxpayer compliance.