Zim Launches New Online Tax System

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Zimbabwe launched a new online Tax and Revenue Management System (TaRMS), developed under a $10.4 million project co-funded by the African Development Bank. Deputy Finance Minister Kudakwashe David Mnangagwa unveiled the system in Harare. It aims to improve domestic resource mobilization, expand the tax base, and increase efficiency. ZIMRA reported a 238% rise in revenue from new taxpayers in 2024, the first full year after the system’s rollout.