CYNTHIA MWALE, KELVIN KACHINGWE, Siavonga
THE Zambia Revenue Authority [ZRA] is optimistic that it will surpass the tax revenue collection target by about K300 million this year.
Of the total budget of K64.5 billion, ZRA was tasked to raise K37.6 billion in the 2017 for the treasury.
ZRA director of research and policy Ezekiel Phiri said ZRA is on course to meeting its 2017 target and attributed the projected surplus to increased value added tax.
“The main driver of the performance has been the withholding VAT scheme. From January to October, we are above target by K181.5 million,” Mr Phiri said yesterday during the media workshop for editors at Lake Safari Lodge here.
The Ministry of Finance sets the target and ZRA is responsible for administration and collection of all..http://epaper.daily-mail.co.zm/