Zimra to start attaching property to recover $2,5 billion in unpaid taxes

The Zimbabwe Revenue Authority (Zimra) says it will start attaching properties belonging to defaulters to recover up to $2, 5 billion in unpaid taxes spanning back to 2009. Zimra’s acting commissioner, domestic taxes Regina Chinamasa, told journalists on Wednesday that the authority was this year targeting to recover at least 20 percent of the tax debt.

Zimra Acting Commissioner General Happias Kuzvinzwa said:

We can only garnish you and we can attach moveable property but you have not heard of Zimra attaching property, all you have heard up to now is the garnishment. Our patience is soon running out, we will start attaching property for unpaid taxes”.

In 2016, Zimra collected $1, 11 billion in outstanding debts. The Corporate Income Tax debt last year went up to $751.49 million from $474.97 million in 2015 while the Pay as You Earn debt was $662.16 million from $591.89 million in 2015. In October 2014, Zimra gave an amnesty to defaulters to allow them to regularize and catch up on tax payments but the authority said the response was underwhelming.

More: NewZimbabwe.com