ZCSD nods increase in VAT refunds to K16.2 billion
• This will increase tax remittances by Companies.• The VAT refunds will also encourage those in the informal sector to formalize their businesses.• This adjustment
Tag : Zambia Revenue Authority
Taxpayer defrauds Government of revenue amounting to over K27 million
• Registered taxpayer has been found with a case to answer on 40 counts of false tax returns, statements and tax evasion.• Liko’s Industries and
ESMAZ calls on ZRA to assess actual number of productive small scale mines
• Introduction of the tax collection unit for small scale and medium scale mines which is coming soon is a welcome move.• ZRA Commissioner General
ZRA intercepts truck laden with 30 tonnes of Rosewood logs
• The truck was destined for Vietnam.• Consignment was intercepted on 24th August, 2022 at the Lusaka Port Office during an inspection.• There was a
ACC records warn & caution statement from Nakonde clearing agent
• He gave K10, 000 to a ZRA Customs Officer as inducement for him to facilitate importation into Zambia truckload of second-hand clothes.• This was
ZRA intercepts truck laden with Salaula clothes worth K688, 343
• The truck was allegedly destined for Democratic Republic of Congo (DRC).• Upon further verification, the consignment was discovered to be destined for the Zambian
ZRA engages government on modernization of Sakanya Border Post
• Once Sakanya border infrastructure is improved, it will boost trade between Zambia and the DRC.• The move will also help ease traffic congestion challenges
ZTP urges ZRA to strengthen use of electronic fiscal devices to curb tax evasion
• While ZRA has yet again exceeded the quarterly target, there are some areas worth noting with concern• Underperformance of indirect taxes reveals the need
ZRA exceeds Q1 revenue collection target
• On a Year on Year comparison, ZRA collected gross revenue of K26.5 billion in Q1 of 2022 as compared to K19.5 billion in same
Govt directs new ZRA Board to address tax administration challenges
• Government appointed the new ZRA on 14th March 2022.• The Board must ensure that ZRA services at border areas improve.• It must address tax