THE Zambia Revenue Authority (ZRA) says it is in the process of prosecuting seven taxpayers for willful failure to comply with Smart Invoicing requirements. In a statement, Monday, ZRA Corporate Communications Manager Oliver Nzala said registration for Smart Invoice alone was no longer enough, stressing that there must be consistent, accurate and timely usage of the system. He added that taxpayers who failed to issue Smart-compliant invoices would face penalties, including fines of up to K120,000, or imprisonment for up to three years. “The Zambia Revenue Authority (ZRA) is in the process of prosecuting seven taxpayers for willful failure to comply with Smart Invoicing requirements which include usage. The prosecutions are part of the ZRA’s intensified Smart Invoice enforcement programme...