The ZRA chief reveals that K3 billion was paid as refunds for the first quarter of this year, with the largest portion going to the mining industry.
The Authority is committed to paying all VAT refunds, stating that on average every month ZRA pays claims amounting to K850 million.
“You may recall we had a lot of arrears that arose from the time we had issues with VAT Rule 18, which was later resolved and had to change the regulation to accommodate the challenges the taxpayers had,” he says.
Source: allafrica.com
Latest Posts in "Zambia"
- Zambia Revenue Authority Considers Future Abolishment of Withholding VAT After Current Suspension
- Zambia Revenue Authority Suspends Withholding VAT Due to Successful Smart Invoice System Implementation
- Zambia Revenue Authority Investigates Over 320 VAT Fraud Cases Worth K5 Billion
- Simplifying VAT for Digital Services: Impact of Zambia’s Cross Border Electronic Services Regulations
- ZRA grants a 3-month grace period for VAT Smart Invoice System integration
