Zimbabwe Gross Revenue Collection for Fourth Quarter Over Target

The Zimbabwe Revenue Authority said gross collections for the fourth quarter of 2020 were around ZWL94.3 billion ($1.14 billion), exceeding the targeted ZWL91.5 billion, according to a revenue performance report published in the state-run Sunday Mail.

Harare’s Central Business District. Photographer: Xinhua News Agency/Getty Images

Gross foreign currency collections for the quarter amounted to $370.9 million while net forex collections were $362.1 million after deducting refunds of $8.81 million.

Net revenue collections grew by about 681.7% in nominal terms when compared to the ZWL11.7 billion collected during the same period in 2019, according to the report. “All revenue heads registered positive growth in nominal terms,” it said.

Post published in: Business

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