Government has called on all citizens renting out property to be paying 10 per cent withholding tax to the Zambia Revenue Authority because it is law.
Information and Broadcasting Services Minister Chishimba Kambwili made the call during a live interview on Radio Luapula in Nchelenge District.
Mr. Kambwili said the law was passed between 1992 and 1994 by the MMD Government at the time but were timid to implement the law because of politics of appeasement.
He said withholding tax is not a new law except that the MMD feared to lose votes from the people if they implemented the law but law is law and every citizen should comply.
Mr. Kambwili said the PF Government is just implementing the law that has been on the law books for many years and every citizen who owns property and rents it out should pay the 10 per cent withholding tax to enable Government in raising the required funds for financing developmental projects.
The Minister added that failure to pay the tax is breaking the law and if there are concerns on the amount of the percentage, Government is ready to dialogue on the percentage of the tax but paying withholding tax is law and every citizen should comply.
Mr. Kambwili was responding to a caller who wanted to know the meaning of withholding tax which the tenants of property being rented to them were required to pay to the Zambia Revenue Authority.