- by Mukosha Funga on 20 Aug 2017by Mirriam Chabala on 20 Aug 2017by Joseph Mwenda on 20 Aug 2017by Diggers Reporter on 20 Aug 2017
- Goal Diggers
- by Diggers Reporter on 20 Aug 2017by Mukosha Funga on 19 Aug 2017by Mukosha Funga on 18 Aug 2017by Sipilisiwe Ncube on 17 Aug 2017
- by Mukosha Funga on 18 Aug 2017by Diggers Reporter on 18 Aug 2017by Mukosha Funga on 17 Aug 2017by Diggers Correspondent on 16 Aug 2017
- Editor's Choice
- by Thomas Mulenga on 20 Aug 2017by Joseph Mwenda on 18 Aug 2017by Mukosha Funga on 3 Aug 2017by Diggers Correspondent on 31 Jul 2017
- Guest Diggers
- by Sishuwa Sishuwa on 4 Aug 2017by Dr. Vernon J Mwaanga on 25 Jul 2017by David Julian Wightman on 8 Jul 2017by Sishuwa Sishuwa on 6 Jul 2017
ZRA exceeds revenue collection target by K140mBy Sipilisiwe Ncube on 5 Apr 2017
Zambia Revenue Authority Director General Kingsley Chanda says the authority has exceeded its revenue collection target by K140 million in the first quarter.
Speaking when he addressed the press in Livingstone yesterday on the sidelines of an Indaba on “Repositioning Zambian Capital Markets as an Enabler to Sustainable Economic Development”, Chanda said ZRA was performing very well so far.
“In terms of revenue performance, as a result of our enforcement activities, and indeed the measures that were announced by the Minister during the 2017 budget, our revenue performance has been very good. We have consistently met the target and overall in the first quarter, I wish to report that we were K140 million above target. Our target for the quarter was K8, 233 billion and we collected K8, 373 billion which gave us a surplus of K140 million. So this is as a result of the measures announced in the 2017 budget which included among other things the collection of VAT at source, introduction of surtax on some commodities and other measures that were announced by the Minister in parliament. But apart from that, we have also supplemented that with very vigorous enforcement strategy,” Chanda said.
Chanda also announced that ZRA had developed a new approach of seizing and forfeiting both goods and vessels used for smuggling.
“Our new approach as announced in the press will be to seize and forfeit both the goods and the vessels that are used for smuggling. In the past we used to give an option of filing, sometimes we used to sue the perpetrators but in our new approach, we will just be seizing the goods and the vessels,” said Chanda.
And speaking at the same briefing, Finance Minister Felix Mutati encouraged ZRA to collect more revenue saying government needed the money to clear some arrears.
“This is commendable, but we want to urge the commissioner general and the team that we need more revenue because of the challenges that we have got to undertake, in particular capital development to deal with the arrears that are still giving us headache. Arrears that still remain in excess of K10 billion. We have a tremendous task to raise revenue and that is why we have said this year, that we can’t walk on the journey alone, we need the corporation of cooperating partners and others,” said Mutati.
About Sipilisiwe Ncube
Sipilisiwe Ncube is a Zambian journalist with a background in radio news.
Email: sipilisiwe [at] diggers [dot] news
- Chief Kaindu too drunk to reason – Jean Kapata - 19 Aug 2017
- WHO, UNAIDS support mandatory HIV testing - 18 Aug 2017
- Cattle disease breaks out in Sinazongwe - 17 Aug 2017
- PF donates K60,000 towards rebuilding City Market - 17 Aug 2017
- HH’s release not a result of international pressure – Kampamba - 17 Aug 2017
- There’s more to UNZA students than stone-throwing, says Deputy VC
- Allowing prisoners to vote will bring confusion- FDD
- Police block HH release celebrations in Western Province
- HH relives memories from prison: We slept on the cold floor, used buckets as toilets
- Peace is indispensable to development, Lungu tells SADC
Weekly Most Digged
- «August 2017»
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
The News Diggers
Plot No. Lus/9812/649-MC8
off Alex Chola Road
P.O. Box 32147
Telephone or WhatsApp:
+26-097-7708285, 095-3424603, 096-5815078
diggers [at] diggers [dot] news
editor [at] diggers [dot] news
Send this to a friend