Tax Revenues Surpass Q1 Targets as Digital Overhau...

Tax Revenues Surpass Q1 Targets as Digital Overhaul Advances

Oscar J Jeke- Zim Now Reporter

Zimbabwe’s fiscal performance showed strong momentum in the first quarter of 2025, with revenue collections exceeding set targets, according to the Ministry of Finance, Economic Development and Investment Promotion.

The ministry attributed the improved performance to gains under the Economic Growth pillar of the National Development Strategy 1, with particular emphasis on enhanced mobilisation of both tax and non-tax revenue streams.

“Mobilisation of tax revenue and non-tax revenue has surpassed the first quarter target,” the ministry reported.

A key contributor to this progress has been the ongoing rollout of the Tax and Revenue Management System, which is being implemented in three phases. So far, the project has achieved Release 1 (Core Frontend processes) and Release 2 (Tax Agent Module).

“Release 3 backend processes – four out of five – have also been successfully implemented,” the ministry added. However, system integration and the Risk Compliance Management Module remain a work in progress.

In addition, notable advancements have been made under the fiscalisation and integration programme. Internal integration with three banks is underway, while external integration efforts involve five government departments.

The Business Intelligence Reporting project is also progressing steadily, and the launch of the Single Account Automatic Re-opening process is currently in motion.