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*Zimra makes $262.21 million in net revenue, surpasses January revenue target* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?it In a statement Zimra head of corporate communications Mr Canisio Mudzimu said that the Zimbabwe Revenue Authority (Zimra) surpassed gross and net revenue targets for January 2017 by over four percent and three percent respectively against a target of $254,10 million. Said Mudzimu: ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > The authority collected gross and net revenue amounting to $264.79 million and $262.21 million respectively, against a target of $254.10 million. This translates to a growth in net revenue of over 13 percent when compared to the $232.01 million, which was collected during the same period last year. The sterling performance was mainly driven by contributions from Value Added Tax (VAT) on local sales, which were 41 percent above target with total net collections of $76.90 million. The increase in revenue has been attributed to increased consumption of goods, which attract VAT during the festive season, coupled with use of plastic money and the ongoing fiscalisation project whose aim is to plug revenue leakages. Last year, the Government missed its revenue collection target by four percent at $3,46 billion below the targeted $3,6 billion with Zimra blaming the negative performance to unwillingness by tax agents to meet obligations. More: Chronicle _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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