The Zimbabwe Anti-Corruption Commission (ZACC) and the Zimbabwe Revenue Authority (ZIMRA) will now establish a joint technical committee as the two organisations combine efforts to fight corruption.

The areas of cooperation include exchange of information, sharing of mutual technical expertise and training of staff among others.

This was outlined in the Memorandum of Understanding (MOU) signed between the two organisations which seeks to improve coordination and increase operational capacity between the two organisations.

The relationship between the two institutions has led to the recovery of movable and immovable assets worth over a hundred million dollars as  government continues to clamp down corruption.

Speaking at the signing ceremony, ZACC chairperson, Justice Loice Matanda Moyo, described the agreement as an important milestone in the fight against corruption.

“There are areas where we need to collaborate with Zimra and that will give us an edge to speed up prosecution as well as asset recovery,” said Justice Matanda Moyo.

Zimra Commissioner General, Faith Mazani, applauded the move by their two organisations.

“This MOU signifies the importance of sharing information and technical expertise between Zimra and Zacc as most corruption cases center around tax evasion and avoidance.”

An estimated US$1,8 billion is lost annually through tax evasion and fraud among other corrupt activities hence Government has targeted corruption as the major setback to economic development