The Zimbabwe Revenue Authority (ZIMRA) has to date recovered one billion dollars from tax defaulters out of five billion dollars in a move that is expected to boost revenue inflows.
Tax compliance by evaders has improved with efforts by government revenue collector, ZIMRA, to relax payment requirements yielding positive results.
The development is expected to benefit the economy in terms of overall revenue inflows.
This comes at a time when a combination of viability challenges and disregard of the law have seen some firms and households failing to comply with tax requirements.
Speaking on the sidelines of a University of Zimbabwe tax forum in Harare this Monday, ZIMRA Commissioner General, Ms Faith Mazani, said the voluntary tax payment system has to some extent eased the huge default rate.
University of Zimbabwe Vice Chancellor, Professor Paul Mapfumo said it is important to educate students on the importance of tax compliance.
Zimbabwe is also embracing tax reforms aimed at facilitating a favourable operating climate for businesses.