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ZRA collects K98.1 billion Gross revenue from January to November 2022

• This year a Gross collection of K98.1 billion has been collected as compared to K89 billion last year.
• This represents 10.2 percent increase of the total gross collections.
• Refunds from January to November this year ZRA has paid K15.02 billion compared to K11 billion last year.

Zambia Revenue Authority (ZRA) has disclosed that it has collected K98.1 billion Gross revenue from January to November 2022 compared to K89.02 billion collected in 2021.
Speaking during a stakeholder engagement meeting with the Chinese Chamber of Commerce in Zambia (CCCZ), Authority Commissioner General Dingani Banda said this represents 10.2 percent increase of the total gross collections.
Mr. Banda further revealed that the Authority paid K15.02 billion in Value Added Tax (VAT) refunds from January to November 2022, compared to K11 billion last year, representing an increase of 37.9 percent.
He explained that refunds have increased following complaints by tax payers that ZRA was not paying VAT refunds and this has included transparent payment methods where refunds are paid on first in first out basis.
“When you compare 2021 to 2022 on a year to year comparison, this year a Gross collection of K98.1 billion has been collected as compared to K89 billion last year, which is an increase of 10.02 percent.”
“Refunds from January to November this year we have paid so far K15.02 billion compared to K11 billion last year which is an increase of 37.9 percent. One of the challenges that the business community was complaining about is that ZRA was not paying VAT refunds so we increased the refunds by 37.9 percent this year, included transparent payment methods where refunds are paid on first in first out basis. A collection of K82.9 billion against last year’s K78 billion which is an increase of 6.3 percent,” Mr. Banda stated.
Mr. Banda further said ZRA’s engagement meeting with the Chinese business community is aimed at removing any language barriers that may exist between the two parties and explore methods to improve communication and also explain the ongoing the ongoing tax amnesty.
“The objective of this engagement is to engage the Chinese business community so that there is a good understanding of how the Zambia Revenue Authority operates, in addition, we will also need to understand how the Chinese business community operates in Zambia including getting an appreciation of the challenges that the Chinese business community in Zambia faces in the conduct of their business with regards to tax obligation matters,” he stated.
Meanwhile, Chinese Chamber of Commerce in Zambia (CCCZ) President Lie Tie has urged Chinese investors to pay taxes in accordance with the Zambian laws and become partners in local economic and social development.
Mr. Tie noted that among the Chinese business community, some companies have received fines or penalties, not because they initially wanted to violate the law, but because they do not understand the tax law accurately.
He said since the launch of the Chinese Chamber of Commerce in Zambia this year, it has actively communicated with the government and associations to help its members understand government policies, help integrate into local community, increase employment, and achieve sustainable development.
“We organized the interpretation of Zambia’s eighth five-year plan, the 2023 budget symposium, the participation in the Lusaka Agriculture and Commercial Show, and the mutual visits of typical enterprises of our members. We have also signed a memorandum for cooperation with Zambian Chamber of Commerce and Industry and Zambia Farmers Union, and we also have participated in the Working Group of Public Private Dialogue Forum which is to create better business environment.”
“This year we submitted tax proposals to the Ministry of Finance, which were partially adopted. We hope that we can put forward our requirements through normal channels to make the tax policy more conducive to local economic development,” Mr. Tie said.

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