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*2020 Revenue Will Decline Because Of COVID-19 - ZIMRA* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?xk ZIMRA has said the COVID-19 pandemic has greatly affected revenue collection and the taxman might not meet the targetted revenue projections, NewsDay reports. This was revealed by the ZIMRA Spokesperson Francis Chimanda who said; ---------- *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 ---------- > Indeed, revenue collection has greatly been affected due to the lockdown-related factors that include shutdown of borders, travel restrictions that have disproportionately reduced imports, thereby affecting revenue collection from excise duty and customs duty, reduced receipts from tourism > So far, among other factors, the above have contributed to performance below quarterly target for value-added tax (VAT) on local sales, capital gains tax (CGT) and CGT withholding, tobacco levy, excise duties and mining royalties for the first quarter of 2020 According to Chimanda ZIMRA collected revenue that was 6.86% below their target in April 2020. However, for the first quarter of 2020, ZIMRA collected 10.62% above their target. More: Newsday _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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