9.5 C
Alba Iulia
Monday, July 6, 2020

ZRA on course with tax collection

Economy ZRA on course with tax collection

The Zambia Revenue Authority (ZRA) says tax revenue collections have in the last three years performed favorably against parliament target averaging at 4.2%.

In a presentation at a media training workshop organized by Actionaid Zambia in Lusaka today, ZRA senior economist for policy and coordination research and planning department Yenda Shamabobo says over the last three years, tax revenue to the gross domestic ratio has averaged at 16.2%.

Mr. Shamabobo says tax revenue has continued to be the major source of revenue averaging at 68.4% of the total budget during the last three years citing that between 2013 and 2014 government funding as a percent of revenue collected declined by 0.3%.

He adds that in 2014, mining tax revenue made up 11.8% of the total tax revenue collection adding that during the last 3 years, mining tax revenue has contributed an average of 14.6% to total tax revenue.

He further states that despite Tax revenues nominally growing over the recent past 3 years, exceeding there is still room for enhancing tax collections through broadening the tax net to capture even more entities especially those in the Informal Sector.

And ActionAid Zambia country director Pamela Chisanga says Zambia should position to itself to be a region of ending tax avoidance.

Ms. Chisanga says the country is not doing enough to plug the loopholes in tax collections adding that this is why it is the only country which has clear examples of tax avoidance and hence the need to change things around and be a pioneer of curbing tax avoidance.

She adds that the country is losing resources through tax avoidance stressing that these resources can be channeled to delivering services to the people of Zambia.

She has further urged investors to have the interest of the country at heart and pay fair taxes so that the country can benefit.

[Read 111 times, 1 reads today]


  1. This is an empty report by this so called economist Shamabobo. The national budget is presented in monetary figures and so should revenue collection. Of course percentages denote upward or downward trends, but they are useless when quoted without the base figures. What exactly is ZRA hiding? They don’t want us to know what came in so that we don’t know what they’ve stolen? I can’t see any other logical explanation… And these are supposed to be our nationally acclaimed economists?…….Cry me beloved Zambia!

Comments are closed.

- Advertisement -

Latest News

Zambia Center for Inter-Party Dialogue condemns UPND Cadres’s conduct in Monze

The Zambia Center for Inter-Party Dialogue has condemned the political intolerance exhibited by the UPND members and supporters in...

Lusambo Vows to Avenge President Lungu’s Treatment by UPND Cadres in Monze

Lusaka Province Minister and ruling Patriotic Front (PF) Copperbelt Province Mobilisation Chairperson Bowman Lusambo has said that PF members on the Copperbelt will make...

2021 Elections May be Devoid of Integrity and Credibility going by the behaviour of the Electoral Commission of Zambia

Zitukule Consortium is concerned that the 2021 general elections may be devoid of electoral integrity and credibility going by the behaviour of the Electoral...

Citizens are Entitled to Express Public Displeasure With the President

By: Anthony Bwalya - UPND Member As part of his ongoing countrywide political campaigns, paying zero regards to public health regulations in view of COVID19,...

Iconic Miseshi Stadium Facing Extinction

Uncertainty has surrounded the future of Kitwe’s Miseshi Stadium located in Mindolo as the private owner seeks to sell the land housing the sports...

More Articles In This Category

- Advertisement -
[Read 25 times, 1 reads today]