By BUUMBA CHIMBULUALL businesses should take note of some tax changes that were announced in the 2021 national budget to ensure that they do not default on their obligations.It is also vital that all businesses take note of other changes in the 2021 national budget which takes effect in a few days from now, says Zambia Revenue Authority (ZRA) Corporate Communications Manager, Topsy Sikalinda.“One of the key improvements to the system is the requirement for all Value Added Tax (VAT) registered suppliers to have point of sale (POS) machines effective 1st January 2021,” Mr Sikalinda said.Mr Sikalinda said customers should have an option to use their bank cards to purchase goods and services using the point of sale machines.Therefore, he said, all VAT registered suppliers who may not have point of sale machines would be required to ensure they applied for a point of sale machine from the various service providers such as their banks.“Tax […]
OBSERVE 2021 TAX CHANGES, ADVISES ZRA
