Business

ZRA to collect more mine tax

ESTHER MSETEKA and JANET NGULE, Lusaka
ZAMBIA anticipates enhanced revenue collection from the mining sector this year due to bullish copper prices on the London Metal Exchange currently fetching above US$7,000 per tonne, says Zambia Revenue Authority (ZRA).

ZRA commissioner general Kingsley Chanda said provisional income tax returns already submitted by mining indicate that the authority is poised to collect more revenue from the sector.
Mr Chanda said at a media briefing yesterday that it is sad to note that some mining companies have never declared profit for the past 15 years.http://epaper.daily-mail.co.zm/

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