AfDB tax reform project improves Zimbabwe's tax administration and revenue collection
via NewsDay Zimbabwe5 min read
The African Development Bank-funded Tax and Accountability Enhancement Project TAEP has significantly improved Zimbabwe's tax administration. The US$7.6 million project, designed to strengthen domestic resource mobilization and public financial management, has been largely successful. It achieved three of its four key outcomes and met 94.4% of its output targets, primarily through the implementation of the Tax and Revenue Management System TaRMS. This digital tax platform has boosted taxpayer registrations, enhanced filing compliance, and reduced revenue collection costs. The project also aims to improve public sector accountability and institutional integrity by streamlining tax administration and building the capacity of oversight institutions. The AfDB noted that timely assessments, such as the Tax Administration Diagnostic Assessment Tool and the Public Expenditure and Financial Accountability framework, are crucial for independent evaluation and supporting policy and capacity-building interventions. The government has committed to implementing governance reforms in line with the National Development Plan and Staff Monitored Programme. The bank will continue to engage with authorities to ensure the project supports the implementation of Staff Monitored Programme priorities, with financial management and procurement risk mitigation measures in place, including bi-annual on-site reviews.
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
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