ZIMRA Claims Zim Has The Best Tax Policies In Southern Africa
27 December 2018
Terrence Mawawa| The Zimbabwe Revenue Authority (Zimra) has claimed Zimbabweans are not highly taxed as indicated by some sections of society.
Most of these taxes compare favourably with the rest of Sub-Saharan countries, Zimra Commissioner General Ms Faith Mazani, claimed 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.
This comes in the wake of a failing economy with hard-pressed Zimbabweans accusing the authority of pouncing on hapless citizens to boost its revenue base.