ABSTRACT
The research project was carried out to investigate on the appropriateness of the prevailing
presumptive tax rates levied on informal sector as some informal firms are not paying
presumptive tax. The researcher was enticed to study the prevailing presumptive tax rates as
presumptive tax head has been under-performing which results in ZIMRA missing the
presumptive tax target for the past five years except in 2014. Results of the study revealed out
that the presumptive tax rates levied by the ministry of finance are inappropriate and should
be revised downwards. Paying presumptive tax affects negatively the informal sector
business hence the researcher recommended that presumptive tax rates be reviewed
downwards in light of this plight. Results also showed that presumptive tax system is not
taxing all the eligible informal sector operators. The research recommends that ZIMRA
should enforce compliance on informal sector operators to pay presumptive tax as some
informs firms are not paying tax The research has shown that informal sector participants
are oblivious of how presumptive tax obligation is arrived at hence the involvement of these
stakeholders will increase presumptive tax revenue.
KAMUTEKU, L (2021). An investigation on the appropriateness of prevailing presumptive tax rates in Zimbabwe.. Afribary. Retrieved from https://afribary.com/works/an-investigation-on-the-appropriateness-of-prevailing-presumptive-tax-rates-in-zimbabwe
KAMUTEKU, LENNON "An investigation on the appropriateness of prevailing presumptive tax rates in Zimbabwe." Afribary. Afribary, 09 May. 2021, https://afribary.com/works/an-investigation-on-the-appropriateness-of-prevailing-presumptive-tax-rates-in-zimbabwe. Accessed 18 Dec. 2024.
KAMUTEKU, LENNON . "An investigation on the appropriateness of prevailing presumptive tax rates in Zimbabwe.". Afribary, Afribary, 09 May. 2021. Web. 18 Dec. 2024. < https://afribary.com/works/an-investigation-on-the-appropriateness-of-prevailing-presumptive-tax-rates-in-zimbabwe >.
KAMUTEKU, LENNON . "An investigation on the appropriateness of prevailing presumptive tax rates in Zimbabwe." Afribary (2021). Accessed December 18, 2024. https://afribary.com/works/an-investigation-on-the-appropriateness-of-prevailing-presumptive-tax-rates-in-zimbabwe