Tue, 08 Aug 2017 10:48:50 +0000 By Nation Reporter MTN Zambia has finally paid the Zambia Revenue Authority K95,413,369, the equivalent of more than US$10 million in unpaid taxes for non-compliance with Value Added Tax returns. A source disclosed to the Daily Nation that ZRA managed to collect the amount charged with respect to the Notice of Assessment to the value of K95,413,369. MTN Zambia Head – Legal and Regulatory, Mwenzi Mulenga said the company would not give any comment on the matter. Earlier, ZRA had frozen three major accounts for the mobile service company owing to MTN Zambia’s alleged fraudulent activities including failure to pay taxes amounting to over K95m in Value Added Tax and penalties. On July 24th, 2017, MTN Zambia woke up to a rude shock when they could not access their bank accounts with FNB Bank Zambia, Stanbic Bank and Stanchart Bank as the facilities had been frozen following a garnishee […]
