Headlines News

ZRA strikes again

THE Zambia Revenue Authority (ZRA) has served a warrant of distress on Homebase Hardware Limited in Lusaka for alleged misclassification and undervaluation of different types of glass worth over K145,000.
During a raid at Homebase Hardware Limited premises yesterday, ZRA corporate communications manager Mumbuna Kufekisa said the authority will continue pursuing companies and individuals who do not abide by the tax laws.
A team of officers went to Homebase Hardware Limited offices shortly before 10:00 hours and served management with a warrant of distress for misclassification and undervaluation of different types of glass.
Mr Kufekisa said ZRA will not close Homebase Hardware Limited but has given the company a 10-day period to reconcile its tax accounts with those of the authority to avoid suffering penalties.
“The warrant of distress was served on different types of glass such as clear glass and tint glass amounting to K145,558,” he said.
Mr Kufekisa said ZRA is committed to maintaining the key principles of efficiency in taxes and maintaining equity through a broadened tax base among others.
He said ZRA will continue promoting voluntary tax compliance, trade, border legislation and regulations through communication, quality service and enforcement to enable Government to realise its development obligation.
Earlier, Homebase Hardware Limited manager Shahid Ali said the company usually buys its goods from South Africa and locally.
Mr Ali, who refused to give more details on the warrant of distress, referred queries to his superior who was not present at the time of the raid.
He said the Homebase Hardware Limited has employed 40 local people.

Facebook Feed