ZRA Commissioner General Kingsley Chanda
ZRA Commissioner General Kingsley Chanda
The Zambia Revenue Authority (ZRA) has paid out a total of K6.4 billion in refunds, out of which 51.2 percent has been paid out to major mining companies.

ZRA Commissioner General Kingsley Chanda has told journalists in Lusaka that the total outstanding VAT refund payments to the sector currently stands at K1.1 billion while the unverified VAT claims stand at K4.8 billion.

Mr. Chanda says the authority has issued out demand notices valued at K14.6 billion for VAT rule 18 related claims and K3.1 billion for other invalid claims.

He says the net position, after taking into account all the refund claims, is that the mining sector owes the government through ZRA K11.8 billion in unsettled taxes.

Mr. Chanda has emphasized that currently, the authority is refunding an average of K644 million per month and that in some months the authority has refunded up to K800 million.

He adds that during the month of November, 2017 alone, ZRA has so far refunded a total of K731.1 million and that the authority expects to refund another K300 million before the end of this month.

Meanwhile, the ZRA Commissioner General says the happenings in neighboring Zimbabwe have not so far affected business at the Chirundu Border.

[Read 80 times, 1 reads today]
Loading...

7 COMMENTS

  1. You are many many many months late…

    Yet you jump so quick to collect payment.

    And you jump so quick to close a non paying entity, rather than coming up with a plan so that in the future you can continue receiving taxs from them..

    Every entity you close due to non-payment, is a permanently non-paying entity in the future..does that make sense?

    1

    0
  2. What about individual or family taxes refunds?? Back in the days in the late 1960s towards the 1970s my father was working in the government. I remember he used to file for tax refunds because I remember he used to keep pay slips. I guess the government had no W-2s like in the USA. Probably, the Zambian populace is not aware about this, thus need to be sensitized or educated about this refunds.

    0

    0
  3. Last month he said there were no outstanding vat refunds,,,,,,,they were in the system this man just talks gibberish
    TheK6.4 billion refunds is over what period. 1 month one year one decade.
    Imagine publishing this to keep the IMF happy, if i can see through it what will the IMF have say,

    1

    0
  4. “…The Zambia Revenue Authority (ZRA) has paid out a total of K6.4 billion in refunds, out of which 51.2 percent has been paid out to major mining companies….”

    Interpretation in layman’s English.. …..that means to the hard working Zambian in the street that means ……a refund of advances to PF and lungu for campaign funds ……if you think you were dancing dunnuna reverse for nothing , think again…

    0

    0
  5. But I have been waiting for my tax refund on my PAYE for over 3months now for the period i worked for KCM from 1990 to 2012. So, what is happening..?

    1

    0

Comments are closed.