The Zambia Revenue Authority (ZRA) has appointed Sherwood Greene as agents for collection of tax on rental income for commercial and domestic properties in Lusaka and Copperbelt.
Tax payments will be made directly to ZRA while, Sheerwood Greene together with ZRA will conduct door to door inspections in Lusaka and the Copperbelt in order to collect proof of payments for withholding Tax on Rent due to ZRA.
The appointment of Sherwood Greene Properties Ltd as tax agents comes after the Minister of Finance, Mrs. Margret Mwanakatwe on 15 June, 2018 signed into law the Statutory Instrument number 48 of 2018 for the appointment of tax collection agents.
This follows the amendment of the Income Tax Act Cap 323 of the Laws of Zambia to allow the Commissioner General to appoint tax agents to collect base tax, presumptive tax, turnover tax and tax on rental income.
Recently Zambia National Marketeers Credit Association (ZANAMACA) was also appointed as tax agents for base tax.
The Zambia Revenue Authority will soon issue another advertisement to invite eligible entities to apply to be tax agents so that there are more entities participating.
“We trust that these new initiatives will broaden the tax base, create employment opportunities lower the cost of tax collection, and compliance cost. Tenants and landlords are encouraged to quickly register by visiting the website www.zra.org.zm and make payments to avoid being inconvenience when they are visited,” ZRA Corporate Communications Manager Topsy Sikalinda said.