THE Zambia Revenue Authority (ZRA) realised K6.4 trillion from various taxes with Pay-As-You Earn (PAYE) contributing K1.9 trillion.
The taxes that contributed to the ZRA revenue were that of Income Tax, Value-Added-Tax (VAT), Customs and Excise as well as Mineral Royalty Tax.
According to the estimates of revenue and expenditure for 2007, contributions from Income tax amounted to K2.9 trillion, of which K1.9 trillion was from PAYE.
ZRA raised over K1.7 trillion from VAT with import tax accounting for K1.2 trillion and K558.2 billion from domestic VAT.
The Yellow Book indicates that there was a reduction in the revenue collection from the estimated K2.05 trillion to K1.7 trillion.
Similarly, there was a reduction in the revenue collection of Customs and Excise duty from the estimated K1.5 trillion to K1.3 trillion.
However, revenue collection through mineral royalty tax were at K58.7 billion compared to the estimated K44.1 billion.
Income tax, other than mineral tax comprise, company tax PAYE, back duty, Individual tax, property transfer tax and various taxes under withholding
Government has proposed a budget of K12.04 trillion for 2007 of which K8.6 trillion will be domestically sourced while K3.3 trillion will be from external sources.
Other revenue sourced domestically, include fees, levies and other charges.