Harare – Company closures, retrenchments and a liquidity crunch caused the Zimbabwe Revenue Authority (Zimra) to miss its revenue collection target for the first half.
The taxman collected $1.72bn, which was lower than a target of $1.74bn.
“Most of the revenue was realised from value added tax, individual taxes and excise duty which contributed 26%, 25% and 14% respectively”, said Gershem Pasi, commissioner-general at Zimra.
Zimra’s subdued performance will put pressure on the administration of President Robert Mugabe which is under growing pressure to take measures to revive the economy…
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