THE Zambia Institute of Chartered Accountants (ZICA) has urged government to clearly outline how it intends to manage the anticipated revenue gap arising from the decision to suspend fuel taxes for three months. ZICA has also warned that over-reliance on supplementary budgets can erode fiscal stability, weaken accountability and complicate economic management. Recently, during a Townhall Meeting, Secretary to the Treasury Felix Nkulukusa disclosed that should the war in the Middle East and the tax suspension on fuel continue up to the end of the year, the country’s revenue loss could increase to about K11.97 billion. Speaking during a press briefing, Tuesday, ZICA president Yande Siame Mwenye said it was unfortunate that despite the fuel tax suspension, the relief had...

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