Business

ZRA pays K3.4bn in tax refund

ESTHER MSETEKA, Lusaka
THE Zambia Revenue Authority (ZRA) last year paid out over K3.40 billion in tax refunds of which K3.35 billion went to domestic and customs tax refunds after collecting over K27 billion taxes.
The refund excludes the total revenue collection of K27.6 billion which exceeded the target of K26.6 billion by K929.2 million.
ZRA commissioner general Berlin Msiska said domestic tax refunds accounted for a huge portion during the period under review.
“During the year under review, domestic tax refunds accounted for 98.6 percent of the total refund of which value added tax (VAT) refunds made up the largest share while customs refunds accounted for only 2.4 percent or K82.2 million,” he said.
In response to a query on recently, Mr Msiska said ZRA managed to record a number of achievements due to the unprecedented support it received from Government in the last three years.
He said some of the successes recorded in the period under review are the implementation and roll-out of business systems that include the tax online and Automated System for Customs Data (ASYCUDA) world under domestic taxes and customs service divisions.
Mr Msiska said the upgraded customs service system of the ASYCUDA world, is now operational at all major border stations countrywide.
He said through the innovation, tax payers will be able to transact from their office as well as place of business to pay trade taxes through the e-payment channels and pre-clear goods before they arrive at the border.
“The systems can be accessed online on a 24 hour basis. Through this transformation, ZRA has responded to one of the major concerns by taxpayers that made tax compliance costly and that required them to travel long distances and queue up for long hours just to meet their periodic tax obligations.
“As a result of this major milestone, our taxpayers will now be able to conduct all their tax affairs on the e-business platform, from e-registration, e-filing of monthly or annual returns, to electronic payments of their tax obligations through our partner banks,” he said.
The authority has also installed and commissioned scanners at Kapiri Mposhi, Mwami, Kazungula and Kasumbalesa border posts.




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