GOVERNMENT has launched the 2027-2031 Medium-Term Revenue Strategy (MTRS) consultations, aimed at building a more predictable revenue system for Zambia. During the 2026 Budget presentation, government announced it would undertake the creation of the Medium-Term Strategy deal with issues affecting taxaction. Speaking during the launch, Thursday, Secretary to the Treasury Felix Nkulukusa said the Strategy would improve formalization rather than increasing tax rates. Nkulukusa said despite government giving tax relief worth an average of K10 billion in 2023 and 2024, challenges of inequality, complexity and low compliance persisted. “In 2023 and 2024, the tax expenditure report attests to the full extent of the government effort to ease and incentivize investment through the tax system, reporting expenditure amounting to between 1.5...