By Own Correspondent| The Zimbabwe Revenue Authority (Zimra) says contrary to reports that Zimbabweans are highly taxed, the country’s tax thresh hold compares favourably with the taxes in most of the Sub Saharan countries.

Zimra Commissioner General Ms Faith Mazani, said Zimbabweans are not highly taxed as claimed by some sections of society.

She said this last week while fielding questions after unpacking the Authority’s five-year strategy (2019-2023).

Ms Mazani said Zimbabwe has a lower corporate tax rate of 25 percent while South Africa and Swaziland charge 27 percent. Similarly, at 15 percent Value Added Tax (VAT), Harare is at par with South Africa.

She said:

“If we look at the effective tax rates, Zimbabwe is not taxed any higher than any other country.

I will give you an example of corporate tax. I remember when I was in Swaziland; we reduced the company tax from 28 percent to be like South Africa on 27 percent.

So South Africa and Swaziland are on 27 percent and we are on 25 percent corporate tax, and that’s lower. It actually compares favourably with Sub-Saharan Africa countries as well. So it’s not true that Zimbabweans are taxed higher.”-StateMedia