ZRA uncovers mining firm scam

THE Zambia Revenue (ZRA) has uncovered a scam worth K76.5 billion in which a prominent mining company has been declaring taxable goods as mining machinery to rob the country of the much-needed revenue in taxes.
ZRA corporate communications manager Topsy Sikalinda said in a statement yesterday that preliminary assessment indicates that the named mining firm mislead the authority by declaring goods that are taxable as mining machinery.
Mr Sikalinda said the authority has since started launched a comprehensive audit exercise on mining companies to ensure they meet all their tax obligations.

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