Zimra misses target

The Zimbabwe Revenue
Authority (Zimra) missed
its collection target for the
year by 4% on the back of
a “stalling” local economy
and weak global commodity
prices.
Chairman of Zimra, Willia
Bonyongwe, said that the
agency had collected US$3.46
billion in taxes between
January 1 and December 31,
2016 – compared to a target
of $3.61 billion.
Bonyongwe said mining
companies had paid only
US$63 million in mineral
royalties, well below the target
of US$110 million. Mining
– mainly gold, platinum and
nickel – generates more than
half of Zimbabwe’s export
revenue.
While not disclosing
the 2017 revenue target,
Bonyongwe said the agency
would automate its revenue
collection operations and
deploy “other measures” to
improve revenue.