THE Zambia Revenue Authority (ZRA) has suspended the Withholding Value Added Tax (WVAT) mechanism, effective August 1, 2025. ZRA says this decision is a result of the successful rollout of the Smart Invoice system, which has significantly enhanced the efficiency, transparency and effectiveness of VAT compliance and revenue collection processes. In a notice issued by the Authority, Saturday, taxpayers were encouraged to fully adopt the Smart Invoice system and ensure continued compliance with their VAT obligations. “The Zambia Revenue Authority (ZRA) would like to inform the general public that following the successful roll out of the Smart Invoice system, the Withholding Value Added Tax (WVAT) mechanism will be officially suspended effective 1st August 2025. The implementation of the Smart Invoice...