Business

State will not extend tax amnesty

KABANDA CHULU, Lusaka
GOVERNMENT says it will not extend the tax amnesty that expires today unless the business community provides convincing reasons to justify the course.
Last April, Zambia Revenue Authority declared an amnesty to allow taxpayers to have a 100 percent waiver on interests and penalties provided the principal taxes are paid in full by July 31, 2017.

During the Zambia Chamber of Commerce and Industry (ZACCI) hosted 2017 mid-year budget review dinner last Thursday, several businessmen requested that the tax amnesty be extended following delays and system failures at ZRA.

Responding to their concerns, Finance Minister Felix Mutati said the private sector and other entities should pay taxes to enable Government develop the country.
“If there are challenges associated with the system when meeting obligations of the tax amnesty, then bring it to my attention. There is no challenge that is insurmountable. If it is system failure, we can address it but sufficient reasons should be provided to convince us to extend it.

 

Tender

Facebook Feed

Ad1