Tue, 12 Feb 2013 12:33:05 +0000 Zambia Sugar PLC says reports by Action Aid, that it has been evading tax remittance in the country were false and inaccurate. Company spokesman Lovemore Sievu said Zambia Sugar was one of the largest foreign exchange earner and employer as well as the largest single tax payer in the agricultural sector. He said the report by Action Aid that Zambia Sugar has exploited legal loopholes to siphon KR374m were not correct adding that his company has never engaged in any illegal or immoral activities designed to avoid paying the tax rightly payable to the Zambian government “The report by Action Aid is full of inaccuracies and we categorically deny it. Zambia Sugar has not been evading meeting all its legal obligations including tax. We are very proud of Zambia Sugar and the major contributions that it makes to the Zambian economy,” he said. Mr Sievu said that despite Illovo’s […]
