THE Zambia Revenue Authority (ZRA) says it has already registered about 46,000 taxpayers on Smart Invoice and processed invoices valued at K4.1 trillion in roughly two and a half years. ZRA adds that to address illicit financial flows, it has been working closely with the Financial Intelligence Centre (FIC), stating that last year the Authority collected about K322 million. Meanwhile, the Authority has warned that Zambians hiding illicit funds in offshore accounts will soon be exposed, following the country’s admission into a global tax intelligence network. Speaking when he featured on the “Mind your Business Podcast” Monday, ZRA Commissioner General Dingani Banda said the Authority has however not started using the data in terms of enforcement, as it would begin...




