“The zero-rating on petrol and diesel will cost government 3 billion kwacha in lost taxes,” Zambia Revenue Authority Commissioner-General Kingsley Chanda says in comments broadcast on state-owned ZNBC TV.
- Tax authority’s net collection was 57.7 billion kwacha in 2020
- Outstanding VAT refund claims rose to 16.6 billion kwacha by end-2020
- “When we net off the assessments owed by mining companies amounting to 7.1 billion kwacha, the net VAT refund exposure stands at 9.5 billion kwacha”: Chanda
- NOTE: Finance ministry
removeda 16% value-added tax on gasoline and diesel prices, effective Jan. 1
- NOTE: Jan. 10,
Zambia’s Fuel Subsidy Boost Hurts...