THE Zambia Revenue Authority (ZRA) still owes mining companies a total of K7.1 billion in VAT refunds, says ZRA Commissioner General Kingsley Chanda. And Chanda has announced that the Authority paid a total of K12.9 billion in tax refunds to all businesses last year. Meanwhile, Chanda says government’s targeted K59.3 billion in tax revenues this year will be challenging to achieve given Zambia’s significant economic contraction last year amid the onslaught of the COVID-19 pandemic. Speaking during a media briefing in Lusaka, Wednesday, Chanda said despite the Authority paying K8.5...

To continue reading this premium content, login to your account or Subscribe to our ePaper using the buttons below.
Log In Subscribe