ZRA targets to raise K8 billion in penalties amnesty

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ZRA Commissioner General Kingsley Chanda
ZRA Commissioner General Kingsley Chanda

The Zambia Revenue Authority (ZRA) has targeted to raise over K8 billion in an amnesty on interest and penalties launched today.

ZRA Commissioner General Kingsley Chanda has told a media briefing that the amnesZRA CG Chandaty will run from 24th April to 31st July, 2017.

Mr. Chanda says during this period, taxpayers are expected to submit all outstanding tax returns and pay all their principal tax liabilities for tax periods prior to 1st March, 2017.

He explains that all waivers of interest and penalties shall be granted upon submission of outstanding returns and full payment of principal tax liabilities.

Mr. Chanda has however, stated that the amnesty will not apply to cases under litigation, investigation, interest and penalties arising from an audit or investigation, interest and penalties relating to property transfer tax, among other such cases.

Meanwhile, Mr Chanda has disclosed that the authority has in the last two weeks impounded seven trucks laden with smuggled goods.

He has warned businesses in the habit of smuggling that they risk forfeiting their goods including the vehicles used in smuggling to the state.

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13 COMMENTS

    • if ZRA were not crooks, there could have been 5 times that amount of revenue. Government needs to do a crack down on border agents who take bribes.

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    • What more proof do people need to understand that Zambia runs unsustainable taxes! Further proof of the desperate financial position the country is in …

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  1. I am happy that my suggestion has come to fruition…. This is part of employment creation. after all in all fairness principal is ur legal money. this penalty and interest was just enriching a few excited ZRA officers who would milk money out of us threatening to garnish our accounts. Good Move Kingsley

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  2. Most of the money collected is used on transport and allowances for police to go and pick opposition party opponents. Not your fault ZRA

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  3. THANK YOU Z R A . THAT IS THE WAY TO GROW THE SMART ZAMBIA. LET TAX PAYERS START ON A CLEAN NOTE AFTER INSTALLING THE NEW TAX SYSTEM.

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  4. Am pretty sure all of u toking rubbish and negatively are not in business and do not understand what they have done. ZRA and Gov at this point is a move in the right direction to help stabilise SMEs and help them get back on track.

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  5. My advice to me fellow SMEs that we need to cease this opportunity rightly. Pay and do not deliberately accrue debts again hoping there shall be another opportunity. This opportunity coming in 53 years and the next may be in 2070. This is very close to “more money in your pockets”.

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  6. This is what we call innovation, because it was not easy to see companies struggling TO pay for goods not delivered to them. I therefore encourage SMEs to start submitting returns as early as possible. This does NOT take long, all you need is to submit and pay. Let this management (ZRA) continue thinking like innovators. To avoid this, you can call me I do it FOR YOU. CONTACT 0976438355

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  7. This initiative from ZRA is most welcome but the period up to 31/07/2017 is very short. ZRA CG should consider extending the period up to the end of this year 31/12/2017. Tax defaulters need breathing space in this tight economic situation the country is going through. ZRA’s initiative is bold but the period is very short. When tax payers submit heir tax returns they still need to make runs here and there to raise the cash to pay principal amounts. In some cases people especially GRZ retirees got excited with their packages and formed SME’s thinking they would manage to run their entities properly but ended up failing to survive. In most cases this is the situation. Please CG consider this option of extending the period for clean up if that target of revenue collection is to be…

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  8. WELL DONE ZRA.THIS OPPORTUNITY SHOULD NOT BE MISSED.THANKS A LOT COMMISSIONER GENERAL.
    LET US PAY AND START AFRESH.
    WHO EVER WILL IGNORE THIS SHOULD NOT CRY LIKE THE POST.
    KINDLY EXTEND FOR AT LEAST UP TO SEPT 2017.
    THIS IS THE WAY TO GO.
    NAPSA SHOULD DO THE SAME AS WELL.

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