Zimra exceeds revenue collection target for 2011

Zimra exceeds revenue collection target for 2011
Published: 15 January 2012 (1166 Views)
Zimbabwe Revenue Authority collected $2.8 billion in tax in 2011, surpassing a $2.5 billion target, as the economy strengthened, the government said.

VAT contributed $1.1 billion and individual tax $480 million, Stenford Moyo, chairman of Zimra, said in an e-mailed statement. Company tax brought in $296.6 million against a target of $270 million.

Zimbabwe's economy is expected to grow by 9.4 percent in 2012, Finance Minister Tendai Biti said in his budget presentation last year. 

- bloomberg

Tags: Zimra, Revenue,
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