IDEAS home Printed from https://ideas.repec.org/a/rss/jnljfe/v2i4p5.html
   My bibliography  Save this article

Zimbabwean Government Initiatives for Widening Revenue Base: A Comparison of the Existing and Proposed Income Tax Act

Author

Listed:
  • Eukeria Mashiri
  • Lilian Nyamwanza
  • Charity Mhaka

Abstract

The existing legislation is based on geographical boundaries within or outside Zimbabwe (source based). The proposed Income Tax Act Chapter23:13 intends to widen the tax base by adopting the residence based tax system. This paper highlights the changes proposed in the new Income Tax Act, such as the inclusion of items of a capital nature into gross income, shrinking of the allowable deductions and anti-avoidance measures. In analysing the differences between the two, the implications, challenges and recommendations were also discussed. Students, employees, tax consultants and organisations will benefit from this discussion. The study was mainly a desk research of a thorough analysis to polarise the differences of the two Acts in light of the government objective to maximise revenue (wealth creation).

Suggested Citation

  • Eukeria Mashiri & Lilian Nyamwanza & Charity Mhaka, 2014. "Zimbabwean Government Initiatives for Widening Revenue Base: A Comparison of the Existing and Proposed Income Tax Act," International Journal of Financial Economics, Research Academy of Social Sciences, vol. 2(4), pages 208-214.
    • Handle: RePEc:rss:jnljfe:v2i4p5
    as

    Download full text from publisher

    File URL: http://rassweb.org/admin/pages/ResearchPapers/Paper%205_1496865744.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Asfaha, Samuel, 2007. "National Revenue Funds: Their Efficacy for Fiscal Stability and Intergenerational Equity," MPRA Paper 7656, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Thorsten Beck & Samuel Munzele Maimbo & Issa Faye & Thouraya Triki, 2011. "Financing Africa : Through the Crisis and Beyond," World Bank Publications - Books, The World Bank Group, number 2355, December.
    2. Mähler, Annegret & Shabafrouz, Miriam & Strüver, Georg, 2011. "Conflict Prevention through Natural Resource Management? A Comparative Study," GIGA Working Papers 158, GIGA German Institute of Global and Area Studies.
    3. Thouraya Triki & Issa Faye, 2011. "Working Paper 142 - Africa’s Quest for Development: Can Sovereign Wealth Funds Help?," Working Paper Series 364, African Development Bank.
    4. Jürgen Jerger & Dimitri Migrow, 2009. "Stabilisierungsfonds und makroökonomische Governance," Working Papers 274, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).
    5. Khalid R. Alkhater, 2012. "The Rentier Predatory State Hypothesis: An Empirical Explanation Of The Resource Curse," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 37(4), pages 29-60, December.
    6. Naotaka Sugawara, 2014. "From Volatility to Stability in Expenditure: Stabilization Funds in Resource-Rich Countries," IMF Working Papers 2014/043, International Monetary Fund.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rss:jnljfe:v2i4p5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Danish Khalil (email available below). General contact details of provider: http://www.rassweb.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.