Thu, 27 Oct 2016 08:39:43 +0000 ZAMBIA Revenue Authority (ZRA) has been ordered to pay a refund of over K13,000 on Value Added Tax to Balmoral Farms Limited. According to a ruling delivered by the Tax Appeals Tribunal (TAT), ZRA had disallowed a VAT refund to the farm for coffee exported on its behalf by the Zambia Coffee Growers Association. Tribunal chairman Frazer Chishimba said the decision by ZRA to disallow VAT refund claims was ultravires and void ab initio because the farm did not sell the coffee directly but handed it over to the Association which sold and paid the export tax, being the sole exporter of coffee in Zambia. He said the authority must therefore refund Balmoral up to K13,703 with interest at the short term bank rate from the date due for refund according to the VAT forms filed. Mr Chishimba, sitting with Mr G. Nonde and Ms M. Kampata, explained […]
