• While ZRA has yet again exceeded the quarterly target, there are some areas worth noting with concern• Underperformance of indirect taxes reveals the need to enhance collection mechanisms.• It is of concern that the consumption based taxes have not…
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• 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 period of 2021.• It is important for those that are owing to settle their outstanding…
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• Government appointed the new ZRA on 14th March 2022.• The Board must ensure that ZRA services at border areas improve.• It must address tax related frauds by guiding ZRA to enhance tax payer engagements. Minister of Finance and National…
Continue Reading • The new board should develop an action plan to address challenges in tax administration.• ZRA must attain revenue collection target of above 21 percent of GDP over the medium term.• Government is committed to ensuring that fiscal sustainability through…
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• The best way to implement a budget is to remain stuck to your plan.• The best government can do this is to ensure that it is able to raise adequate resources.• Quite a number of resources are needed to…
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• This is in an effort to support local companies in the clearing and forwarding sector• This measure is aimed at improving trade facilitation.• Over 25 million Kwacha has not been collected by the Authority due to pending outstanding transits.…
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• Tax refunds are projected to rekindle microeconomic activity at the local level.• As at end of September 2021, there were about 3000 audited pending refunds with amounts below K5 million.• ZRA has started implementation of a more accountable, transparent…
Continue Reading • We have a great number of genuine clearing agents and few bad eggs that always want to dent the image of the clearing industry.• Had ZRA not conducted anti-smuggling operations government would have lost this revenue• the Authority’s investment…
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• The Authority has collected K59.450 billion against the annual target of K59.369 billion. • Refunded K7.846 billion mainly to the mining sector. • The performance has largely been driven by favorable copper prices and improved debt collection. Zambia Revenue…
Continue Reading • Avoid smuggling and other related items. • They are not good for your business. • Engage ZRA and get the right information on the correct taxes. Zambia Revenue Authority (ZRA) has urged members of the public to continue being…
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