K9.6bn lost yearly in VAT refunds
NANCY MWAPE, Lusaka
ZAMBIA is losing about K9.6 billion annually in value added tax (VAT) refunds to exporters and manufacturers, the revenue authority says. (more…)
port of Beira in Mozambique
Beira Corridor beckons exporters, importers
BENEDICT TEMBO, Lusaka
MOZAMBIQUE’s port of Beira has long been overshadowed by Durban in South Africa, Dar es Salaam in Tanzania and Walvis Bay in Namibia.
Zambia and some of her neighbours such as the Democratic Republic of Congo (DRC), Malawi and Zimbabwe have relied mainly on Durban, Dar es Salaam and Walvis Bay ports. (more…)
ZRA pays out K2.9 billion tax refunds to exporters
ESTHER MSETEKA, Lusaka
THE Zambia Revenue Authority (ZRA) has paid out K2.9 billion value added tax (VAT) refunds to exporters, including those in the mining sector, in the last four months. (more…)
Exporters urged to utilise export fund
TRYNESS TEMBO, Lusaka
THE Zambia Development Agency (ZDA) has called on exporters to grow their businesses by utilising the Zambia Export Development Fund (ZEDEF), whose interest rate is at eight percent.
ILLEGAL TIMBER
Timber exporters get respite
PRISCILLA MWILA, Lusaka
MINISTRY of Lands will allow existing holders of export permit to export finished timber products.
From left to right: Dimitris Papastefanakis (EU Energy Technical Assistance Facility Team Leader), Graham Ching'ambu (Programme Manager Infrastructure - EU Delegation), Mohamedain Seif Elnasr (CEO ad Interim of RAERESA), Adam Grodzicki (Head of Infrastructure EU Delegation), Ms Brig Gen. Emeldah C. Chola (Rtd) (Permanent Secretary, Ministry of Energy), Ms. Karine Genty (Deputy Head of Unit for Sustainable Energy and Climate Change DG DEVCO)
ZRA, EU introduce certification system for exporters
ESTHER MSETEKA, Lusaka
THE Zambia Revenue Authority (ZRA), in partnership with the European Union (EU), has introduced a self-certification electronic system for exporters to the EU market at a cost of K150,000.
(more…)