Airtel Zambia Managing Director, Charity Chanda Lumpa, says the communication service provider has contributed K2.3 billion in taxes in the last three years.
Ms Lumpa disclosed at a media briefing breakfast in Lusaka that Airtel is the top tax payer in the sector.
She said Airtel Zambia paid corporate tax at 40 per cent rate and five per cent levy on revenue.
“Airtel is a tax compliant company that has paid out a total of K2.3billion in taxes in the last three years. In addition we have this year embarked on an US $80 million nationwide expansion programme that will see improved coverage and quality by the end of 2014,” she said.
Ms Lumpa said Airtel will spend an additional US $62 million in operational expenditure to set up and run the expanded network.
“To serve our customers better, we are investing US $3 million in the refurbishment of the shops including 75 express shops across the country that will improve contact experience using our distributor network”, Ms Lumpa said.
She said the company has also added an effective business model that ensures focus on its core business and rationalises operating costs.
Unfortunately maybe this money has ended up being wrongly spent by those charged with treasury affairs. Good for Airtel to make such disclosures and hope other companies especially the mines can make such public declarations of what they are contributing to the nation’s treasury. At least we also know why communication in zambia is so expensive. Keep it up charity for at least leading the way to disclose Airtel’s contribution towards national development.
Good Corporate Governance. But is this information confirmed by the Zambia Revenue Authority—ZRA. Or it is just a pUBLIC rELATIONS aFFAIR
Its true Airtel pays lot, although the ZICTA levy on revenue is 3%, not the 4% she mentioned. MTN has been declaring losses for the past 3 years so they dont pay anything. while Zamtel dont pay anything as well. All ISPs pay 2-3% of their revenue to Zicta
@ MWAUTILA MWAUTILA spot on lad! ZRA need to confirm and put in place adelibelate name and shame tax invaders policy.