馃嚳馃嚰ZimbabweSouthern Africa
ZIMRA launches tax amnesty for 2025, targeting informal sector and digital earners
via NewsDay Zimbabwe5 min read
Zimbabwe's tax agency, ZIMRA, has introduced a voluntary disclosure program for the 2025 assessment year, aiming to broaden the tax base and enhance compliance. This initiative invites individuals and businesses to declare previously undeclared income or unfulfilled tax obligations without disrupting operations. The program covers all economic sectors, from micro-enterprises to large corporations, with a specific focus on informal trading, rental income, digital services, crypto transactions, and cross-border earnings. Full and truthful disclosures will result in a waiver of penalties and will not automatically trigger an audit or prosecution, though interest on outstanding tax will still apply. The voluntary disclosure window closes on June 30, 2026, after which non-compliant taxpayers will face enforcement measures. This program is part of ZIMRA's ongoing efforts to improve revenue collection, particularly from the informal sector and the growing digital economy, as the government seeks to stabilize revenues.
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
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