Story by Owen Mandovha, Business Reporter
THE Zimbabwe Revenue Authority (ZIMRA) has adopted an electronic tariff system aimed at increasing efficiency in revenue collection while averting potential leakages.
The launch of the electronic tariff system comes after the presentation of the 2025 National Budget where Treasury announced revenue enhancement measures to finance government activities.
Finance, Economic Development and Investment Promotion Deputy Minister Honourable David Kudakwashe Mnangagwa, who was the Guest of Honour at the launch applauded the Zimbabwe Revenue Authority’s initiative.
He said, “ZIMRA is key to attaining our developmental goals hence its revenue collection systems must be watertight to ensure that we raise as much revenue as possible for the economy. This e-tariff system is a significant milestone in creating a modern system for the collection of taxes.”
The e-tariff system is widely expected to enhance revenue collection.
“This is international best practice that allows us to plug gaps in collecting revenue which is critical in us collecting the much-required revenues, especially since the country is forging ahead with its developmental thrust agenda,” added Deputy Minister Mnangagwa.
According to the World Trade Organisation, most African governments are vulnerable to revenue leakages due to gaps in their tax and revenue collection systems, estimated at around 10 percent of their total potential revenue.
