The Zimbabwe Revenue Authority (ZIMRA) will soon be conducting visits to tourism industry players to assess their compliance with tax obligations.
In a public notice (No. 83 of 2024) issued on November 6, 2024, ZIMRA informed tourism stakeholders of these upcoming inspections.The following sectors within tourism are expected to be visited by ZIMRA officers: accommodation providers, airlines, recreational activity operators, tourism intermediaries, food and beverage services, Meetings, Incentives, Conferences, and Exhibitions (MICE), and suppliers within the hospitality industry.
These visits are part of ZIMRA’s mandate to ensure timely and complete tax collection and taxpayer compliance with national laws.Taxpayers are reminded to submit their returns promptly and pay their taxes in full.
Those unable to pay in full are encouraged to arrange payment or installment plans with the authority.In its third-quarter report, ZIMRA announced it had exceeded its revenue target by 17%, collecting $1.28 billion against a target of $1.089 billion. Excise Duty contributed 21% of the revenue, Net Value Added Tax (VAT) on Local Sales contributed 19%, and individual taxpayers contributed 18%.Revenue collected by ZIMRA is crucial in supporting the government’s funding requirements.
