Minister of Finance Felix Mutati says Zambia’s development pace will be dictated by tax compliance among citizens.Mr. Mutati has urged Zambians to embrace paying taxes saying the country can only develop through the hard work and sacrifice of the citizenry.He has also cautioned people who will fail to meet the tax amnesty deadline will face the law.
Speaking after touring Zambia Revenue Authority offices in Lusaka , Mr. Mutati said government gave the tax amnesty to defaulters to address business challenges and improve liquidity in the economy.
And Mr. Mutati has praised ZRA management for introducing the mineral value chain system for easy monitoring of mineral production levels.He said the country has in the past been grappling with the problem of determining mineral production levels.
And Mr. Mutati has directed ZRA management to decentralize the collection of turn over tax.He said the programme should be rolled out in Lusaka first before being introduced to other parts of the country.
And ZRA Commissioner General Kingsley Chanda disclosed that the Authority has managed to raise 4-hundred and 80 million Kwacha above target for the period starting January 1st 2017 to May 31st 2017.Mr. Chanda also disclosed that ZRA has so far received over 89 thousand applications under the tax amnesty programme from small and medium businesses and has raised One hundred and Five million Kwacha from the exercise.
He however complained of poor tax compliance levels in the economy and the usage of cash transactions as major challenges ZRA is facing.