Zambia Revenue Authority has said that it has the 2021 Revenue Target of K59.369 billion has been exceeded four months before the end of the year.
In a statement released to the media by Topsy Sikalinda, the Corporate Communications Manager, ZRA said that it has collected K59.450 billion against the annual target of K59.369 billion and refunded K7.846 billion mainly to the mining sector and that at the current trajectory, the Authority will post not less than K20 billion above the 2021 national revenue budget.
According to the statement, this performance was largely been driven by automation, intelligence-led enforcement activities, enhanced transfer pricing audits in the mining sector, favorable copper prices and improved debt collection by the newly created Debt Recovery Unit and that all ZRA operating divisions namely Customs, Indirect Taxes, Direct Taxes and the Debt Recovery Unit are above target.
“Due to automation and robust debt enforcement, there were increased payment of outstanding arrears by some taxpayers including Government as well as increased payments of balance of taxes by some Mining and non-Mining companies.
“With renewed confidence in the Zambian economy following the peaceful change of government and the pro-business UPND government policies, the Authority is expected to perform even better.
“The Authority takes this opportunity to thank all taxpayers for the great contribution they are making to our country, ” concluded the statement
Ok does this mean Kingsley Chanda will keep his job or will he be fired.
Well done Kingsley Chanda and your colleagues. If these high revenue targets being met continue and are accompanied by good spending by the new government, we are on our way to recovery. It’s simple really; it’s not just having tax revenues but hw well the government spends it also matters.
Yes but we are aware of those persons you employed who have no business being in ZRA, those your associates more so female who no one could control who are now senior or managers with no experience….the scan machines….those cadres ‘attached’ to the special unit….those cars cleared without duty…the list goes on you could have collected more…so thanks but time is up we need more professionals in those positions that were preserve of certain croonies….operation clean up… can forget the be promoted and forfeit your pension? Awe…..
Meanwhile bally is claiming coffers are empty.
CHANDA MUST GO HH MUST BE MAD TO KEEP HIM
LETS HEAR THE TRUTH
Numbers are not making sense …
Civil servant walifola eee, tatwafola ekepushe tu PF uto twikele apo!!!
And some f00I will go on BBC and cause alarm by telling lies that Zambia is broke. Can someone get that under 5 a financial advisor ASAP before he runs this country under
Mbuzi
Blowing the trumpet for Public relations…sorry your time is Up Sir. We already have a dossier on you.
HA HA HA RUN THE COUNTRY UNDER !!
ITS ALREADY UNDER AND DROWNING WE NEED LIFE LINES TO GET OUR HEAD ABOVE WATER
THERE IS BITTERNESS ON HERE SO PLEASE IGNORE THEM AS TRUTH TRUTH ALWAYS PREVAILS
Better for Bally to replace all key figures in all
Ministries as well as ZRA.As these people know all loop holes.
Well, well, well – thank you for meeting the budget target. However, may be its time to raise that target? Our civil servants are not able to meet their monthly obligations bcoz GRZ is not able to pay them (the infamous “debt swap” comes to mind). The large chunk of national budget is routinely sourced from donors, there is no money to pay GRZ contractors / suppliers.
In short, this target is nonsensical
Kaizer, just run and go stay in your dubai mansion…..let us well meaning zambians stay and enjoy. …..run before the courts find u guilty
Kkkkkkkk, Kingsley Chanda trying to save his job. Why publish 4 month ahead?Chanda is trying to impress HH so that he is not fired
You can paint a rosy picture of ZRA as much as you want but still more chanda we heard all those audio clips where you were doing favors to PF cadres. Even all the PF campaign materials in containers came duty free while you detained all the upnd campaign material demanding for over K300,000 in duty but quickly released it after Bally was declared winner and so you have to go!
For the past 10years , all targets at ZRA have never been met. Why now?
And besides, there is no revenue collection on earth that meets its target 4months before scheduled time. Not even well managed developed countries . So what magic did these mwankoles at ZRA do?
Trust bane, the debt that we owe, half of that money is there within Zambia. These mwankoles were withhelding it as Salaries for Cadres and Personal gain. HH needs to institute a proper investigative wing to retrieve all these monies cos it’s their.
Not a normal briefing, just trying to impress Bally, its too late, You are all going at ZRA, very soon. This stance wont work
So where is the money? Ba Chanda and Mvunga mwailetelela.
Revenue collection targets are not the issue. The issue is the tax rates are too high such that after paying these taxes companies and individuals are left with completely nothing to be able to invest and employ more people. The only people who can manage to pay these taxes and afford to make a reasonable profit to reinvest are people doing dubious businesses. Ordinary businesses have been suffocated with too many taxes that where ending up in the pockets of PF criminals and their cadres.
It a well known fact that Bally should have his own top brass to head these strategic institutions. Sata appointed Berlin Msiska who was replaced by Chandra in 2016. Check ZRA excellent performance since Kingsley, the Oranje Boys offshoot.
2018 recorded 8% increase of K48bn from K45bn net
In 2019, it overshot by ZMW1bn. ZMW52 was collected instead of ZMW51bn
In 2020, collection was below target by ZMW1bn standing at ZMW58bn.
In 2021, before year closes, it is at ZMW58bn collected last year.
Only 2020 had negative increase and others here are smelling a RAT when it is a sweet aroma of a milking COW.
Useless! Yet this money ended up in the pockets of PF criminals.