Categories: Editor's Picks

33 000 vehicles missing matching records of customs clearance – ZRA

Zambia Revenue Authority reveals over 33000 vehicles have been discovered not to have matching records of customs clearance between the Zambia Revenue Authority (ZRA) and the Road Transport and Safety Agency (RTSA).

ZRA Acting Corporate Communications Manager Oliver Nzala said this was after the authority carried out an exercise to verify if motor vehicles registered at RTSA from 1st January 2015 to 31st October 2021 are also registered on the ZRA AsycudaWorld and paid taxes.

Mr. Nzala noted the exercise established that about 33,045 registered motor vehicles at RTSA do not have matching records of Customs clearance at ZRA indicating that this may be due to wrongly captured details such as the chassis number or simply there was no clearance with Customs.

“Therefore, these vehicles are of interest to the ZRA,” he stated.

Mr, Nzala emphasized that if the taxpayer had no proof of customs clearance, then the vehicle is of interest to the Authority.

He urged them to visit the nearest ZRA Port or Border to normalize the process and pay the taxes.

He announced that members of the public have been given up to 31st August 2022 to ensure that Customs clearance is done with the Authority.

“The Authority will not charge penalties and interest for voluntary compliance,” He said.

Mr. Nzala however stated that after the announced period, the Authority would engage in enforcement activities to recover unpaid taxes and this may result in interest and penalties being charged in addition to taxes or even forfeiture of the vehicle to the State.

More From Author

World Bank urges Zambia to capture other benefits beyond mining sector

• World Bank is committed to supporting African countries to translate Africa’s mineral wealth into…

Read More

Kwacha gains should benefit consumers – BuyZed

• This is to ensure that consumers begin to enjoy what is produced locally.• Manufactures…

Read More

SEC attributes decline in Q4 bond trades to delayed debt restructuring process

• One of the challenges is to do with the delays in finalizing the debt…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Indo Zambia Bank disburses K64 million under SAFF

Indo Zambia Bank has been actively involved in promoting sustainable agriculture through the credit facility.…

Read More

IZB receives positive Credit Rating, as Bank’s total asset base grows to K18.2 billion

AA- rating signifies that investors can have confidence in the Bank, making it an attractive…

Read More

IMF downgrades Zambia’s economic growth forecast to 2.3 percent

Growth in 2024 is now projected at 2.3 percent. Near-term reform priorities should focus on…

Read More