In a significant intervention to enhance revenue collection, the Zimbabwe Revenue Authority (ZIMRA) has commenced prosecution of taxpayers who have not been filing tax returns and honoring their tax obligations.
The taxpayers risk accumulating penalties and interest as the authority is mandated by the law to effect these charges on overdue taxes.
The revenue authority advised taxpayers in a public notice 87 of 2024 issued on 18 November 2024 advising taxpayers of commencement of legal action.
The authority reminded taxpayers to put their tax affairs in order through a public notice issued in October 2024. Taxpayers were urged to voluntarily disclose their tax positions and correct past mistakes. They were directed to pay all outstanding obligations or alternatively apply for payment plans.
The authority will commence prosecution of taxpayers on 1 December 2024. Taxpayers are urged to make good their tax affairs to avoid falling fowl of the law.
The rationale behind prosecution is to foster compliance and ensure that all taxable income is reported
accurately.
