Online Reporter
Business Reporter
ZIMBABWE is poised to exceed its revenue collection expectations for 2025, marking a significant milestone in its economic recovery efforts.
The Zimbabwe Revenue Authority (ZIMRA) has set an ambitious target of over US$7 billion, building on the success of surpassing its 2024 target, with collections exceeding US$6 billion.
This announcement comes as a testament to the country’s commitment to fiscal stability and sustainable economic growth.
ZIMRA Commissioner-General Ms Regina Chinamasa emphasised the authority’s proactive measures in achieving these goals.
“Zimbabwe has what it takes in terms of resource mobilisation and revenue generation. We are leveraging all relevant instruments to enhance revenue collection and collaborating closely with taxpayers to optimise contributions,” she said in a recent interview with our sister radio station, Star FM.
The revenue targets are expected to be driven by key tax heads, including value-added tax (VAT), corporate tax, customs duties, pay as you earn (PAYE) and mining royalties.
These revenue streams are crucial for funding Government projects, sustaining capital investments and meeting employment costs across the country.
Ms Chinamasa highlighted the pivotal role of compliance and modernisation in bolstering revenue inflows.
“The anticipated growth in revenue collections reflects improved compliance by industry and commerce, strengthened economic conditions and strategic initiatives to eradicate revenue leakages.”
Under Zimbabwe’s devolution agenda, a significant portion of the collected revenue will be allocated for infrastructure development nationwide. This commitment underscores the Government’s focus on regional economic integration and equitable development.
The introduction of the electronic tariff system by ZIMRA in October 2024 further underlines efforts to enhance efficiency and transparency in revenue collection.
At the launch of the electronic tariff system, Mr David Mnangagwa, Deputy Minister of Finance, Economic Development and Investment Promotion, lauded the initiative as a critical step towards modernising tax administration.
“This system aligns with international best practices and will help plug revenue collection gaps essential for financing national development priorities,” he said.
The Block Management System (BMS), implemented in late 2024, has also contributed to the enhancement of revenue collection.
This system categorises taxpayers by geographic zones, allowing for targeted management and improved compliance monitoring. Ms Chinamasa noted that the BMS has already increased revenue collection efficiency by approximately 1 percent, demonstrating its effectiveness in engaging small and medium enterprises (SMEs) and informal sectors in tax compliance. In recognition of compliant taxpayers, ZIMRA recently honoured over 50 000 new taxpayers who joined the system in 2025. These efforts are crucial in expanding the revenue base and fostering a conducive business environment.
Reflecting on the broader impact, in December 2024, Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube praised the contributions of compliant taxpayers.
“Government relies on domestic taxes as a primary income source to sustain vital development projects amid limited external financing. Your compliance ensures sustained economic growth and a supportive climate for business operations,” he said.
Looking ahead, the country remains steadfast in its commitment to sustainable economic recovery and achieving Vision 2030 goals. With continued innovation in revenue collection strategies and enhanced taxpayer engagement, the country is well-positioned to navigate economic challenges and foster inclusive growth.
Said Ms Chinamasa: “Our focus remains on maintaining this growth trajectory and implementing long-term measures to sustain revenue inflows.
The resources are available; our task is to harness them effectively for the benefit of all Zimbabweans.”
This forward-looking approach underscores the country’s resilience and determination to build a prosperous future through robust fiscal management and strategic economic reforms.
Treasury has said it will remain steadfast regarding the budget and will only borrow when necessary as a way of managing exchange rates and inflation.
