Online Reporter
Mukudzei Chingwere
Herald Reporter
THE Government has approved the ratification of the Convention on Mutual Administrative Assistance in Tax Matters, as part of efforts to achieve fair taxation.
The Minister of Information, Publicity and Broadcasting Services, Dr Jenfan Muswere, announced the approval by Cabinet this week.
This move is expected to promote fair and equitable taxation rights while protecting taxpayer confidentiality and respecting sovereign taxing rights.
The convention on mutual administrative assistance in tax matters, which many countries have adopted, facilitates the exchange of information regarding cross-border economic activities.
This collaborative framework allows jurisdictions to share taxpayer information effectively, thereby strengthening global efforts against tax evasion.
Countries that have ratified the convention have reported improved tax compliance and better resource allocation, showcasing the benefits of such international co-operation.
“Cabinet considered and approved the proposed ratification of the Convention on Mutual Administrative Assistance in Tax Matters,” said Dr Muswere during a post-Cabinet media briefing on Tuesday.
“By joining this convention, Zimbabwe will not only enhance its international tax co-operation but also improve its mechanisms for combating tax evasion and ensuring accurate taxation.”
He said Zimbabwe joined the Global Forum on Transparency and Exchange of Information for Tax Purposes in 2024 and as part of the collaboration process, accordingly requested to join the Convention on Mutual Administrative Assistance in Tax Matters.
“The ratification of the Convention on Mutual Administrative Assistance in Tax Matters, is a significant step in enhancing international tax co-operation.
“By joining this convention, Zimbabwe will expand its network for exchanging taxpayer information beyond the current 19 countries with which it has bilateral tax agreements.
“The Convention on Mutual Administrative Assistance in Tax Matters will facilitate the exchange of information on cross-border economic activities, enabling accurate taxation and combating tax evasion and avoidance,” said Dr Muswere.
