The Zambia Revenue Authority (ZRA) has been accused of selective payments of tax refunds. It is alleged that while some foreign-owned mines’ Value Added Tax (VAT) refunds liabilities are being paid off regularly, refunds to local and state-owned mines are being delayed. One such local company is Mopani Copper Mine, which is due to get about US$110 million as refunds. Reports indicate that if ZRA is refunded to the ZCCM IH, where the majority of shares are owned by the government, the company could avoid suiting a foreign partner to fund its expansion plans.
Source: trendsnafrica.com
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