Published: 18 June 2018

The Zimbabwe Revenue Authority (Zimra), which is owed a massive US$4,3 billion by taxpayers, fears the debt may be difficult to recover due to a number of factors, including operational challenges faced by companies.

Zimra Commissioner General, Ms Faith Mazani recently said the debt has largely accrued from penalties charged on defaulting tax payers.

Ms Mazani told The Sunday Mail Business last week that as at May 31, 2018, Zimra was owed just over US$4,3 billion. The principal was US$2,2 billion; penalty was just over US$981 million and interest was US$1,18 billion.

Recently, Ms Mazani said the national tax collector was unable to meaningfully collect revenue due to the absence of instruments to force taxpayers to honour their obligations.
- The Sunday Mail

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