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We retract the article titled “<a href="https://www.pindula.co.zw/2023/06/20/zimra-loses-tax-records-dating-back-to-6-years-ago-report/">ZIMRA Loses Tax Records Dating Back To 6 Years Ago</a>” published on June 20, 2023, and apologise to our readers and ZIMRA for any misinformation caused. The article reported that the Zimbabwe Revenue Authority (ZIMRA) had lost tax records dating back six years, which raised concerns over potential revenue leakages and tax evasion.
However, <a href="https://www.pindula.co.zw/2023/06/21/zimra-has-refuted-claims-that-it-lost-tax-records-dating-back-six-years/">ZIMRA has since denied</a> those claims and stated that they have not experienced any system failure or hacking of their servers. We have received a statement from ZIMRA denying the claims that they lost tax records due to a system crash or hacking of servers. ZIMRA stated that the request for information from clients is for the purpose of updating taxpayer records due to changes in contact details, physical or email addresses, public officers, tax accountants, or missing information. They are also migrating client data onto their new Tax and Revenue Management System (TaRMS) to enhance efficiency and simplify business processes through automation. ZIMRA encourages all taxpayers to update their master data information to ensure effective communication.
We regret any inconvenience caused and acknowledge that the previous article was not accurate. 
<h3><a href="https://www.pindula.co.zw/">Pindula News</a></h3>

Pindula News

RETRACTION Of Article Titled "ZIMRA Loses Tax Records Dating Back To 6 Years Ago"

The <a href="https://www.pindula.co.zw/Zimbabwe_Revenue_Authority/">Zimbabwe Revenue Authority (ZIMRA)</a> has refuted claims that it lost tax records dating back six years. In a statement seen by Pindula News, ZIMRA claimed that it has not experienced any system failures or hacking of its servers. The authority said the request for information from clients is for the purpose of updating taxpayer records due to changes in contact details, physical or <a class="MarkdownLink_linkifiedLink__KxC9G">email addresses</a>, public officers, tax accountants, or <a class="MarkdownLink_linkifiedLink__KxC9G">missing information</a>.
ZIMRA said it is migrating client data onto its new Tax and Revenue Management System (TaRMS) to enhance efficiency and simplify business processes through automation. The authority is urging all taxpayers to update their <a class="MarkdownLink_linkifiedLink__KxC9G">master data information</a> to ensure effective communication. The TaRMS system will streamline the tax collection process, and ZIMRA believes it will be more efficient and effective in managing taxpayer information. The authority said it remains committed to providing excellent service to taxpayers and maintaining integrity in tax administration. We present the statement below:
<blockquote>
In response to the article “ZIMRA Loses Tax Records Dating Back To 6 Years Ago” published by the NewsHub on June 20, 2023, and republished by Pindula, it is important to note that ZIMRA has not experienced a system crash or hacking of any of its servers. 
The request for information from clients is for the purposes of updating taxpayer records since clients sometimes change physical addresses, email addresses, public officers, contact details, tax accountants as well as where there is missing information.
ZIMRA is working on migrating client data onto their new Tax and Revenue Management System (TaRMS), which will be more efficient and will simplify business processes through the use of automation.
The Authority is encouraging all taxpayers to update their master data information for effective communication.
</blockquote>
In our <a href="https://www.pindula.co.zw/2023/06/21/zimra-lost-tax-records-triggering-fears-of-revenue-leaks-and-tax-evasion/">previous article</a> mentioned by ZIMRA, we reported that ZIMRA had requested its clients to resubmit their Pay as You Earn (PAYE) P2 forms, Value Added Tax (VAT), and Income Tax (ITC) records stretching to 2017, citing them as “outstanding”, although some clients claim to have already submitted the records.
<h3><a href="https://www.pindula.co.zw/">More Pindula News</a></h3>

ZIMRA Has Refuted Claims That It Lost Tax Records Dating Back Six Years

The Zimbabwe Revenue Authority (ZIMRA) has reportedly lost tax records dating back to six years ago after its digital repository and server crashed.
<a href="https://newshubzim.co.zw/2023/06/20/zimra-loses-tax-records/">NewsHub</a> reported sources as saying ZIMRA’s server might have been hacked or the designer did a shoddy job.
ZIMRA is now reportedly requesting its clients to resubmit online their Pay as You Earn (Paye) P2 forms, Valued Added Tax (Vat), and Income Tax (ITC) records stretching to 2017.
ZIMRA described the returns as “outstanding”, even though numerous clients told the NewsHub that they were up to date with their submissions.
Prosper Chitambara, an economist, allayed fears of financial losses at ZIMRA due to the systems crash. He said:
<blockquote>
It is highly likely that most companies or organisations are up to date, hence it will not prejudice the state that much.
</blockquote>
However, there are fears that current tax evaders might take advantage of the records loss, resulting in heavy leakages in potential revenue.
The Government is heavily dependent on taxation to fund the fiscus, with the 2022 mid-term fiscal review indicated that taxes—among them Vat, customs duty, Paye, corporate tax, excise duty—contributed 97.6 percent to government revenue.
In its revenue performance report for the fourth quarter ended 31 December 2022, ZIMRA reported that it collected a total net of ZWL$2 trillion against the targeted ZWL$1.6 trillion.
More: <a href="https://zero.pindula.co.zw/">Pindula News</a>

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