Wed, 03 May 2017 10:38:27 +0000 By BUUMBA CHIMBULU MOST businesses will find it easier to meet their tax obligations following the recent move by the Zambia Revenue Authority (ZRA) to waive interests and penalties by 100 percent, economist Lubinda Habazoka has observed. Dr. Habazoka explained that the decision by ZRA would encourage business houses to be tax compliant as they had been given a chance to start afresh in their tax obligations. “What ZRA has done is a good thing, I think the authority has realized that a lot of people in Zambia want to be tax compliant; in order to encourage them to do so they had to wave interest and penalties so that people can freely come on board and be compliant. “Government has made it clear that they want to collect more taxes domestically and only through tax administration efficiency can we achieve a wider tax base and also […]
