ZRA gives tips on VAT refundBy BUUMBA CHIMBULUONLY businesses registered for value Added Tax (VAT) are eligible to claim refund through a process which has been put in place.This can be through the return, the input VAT incurred in the course of their business, and remitting to Zambia Revenue Authority (ZRA).This is according to the ZRA Corporate Communications Manager, Topsy Sikalinda.Mr Sikalinda explained that VAT was incurred by the final person in the chain of supply who is not registered for it or in a case of a VAT registered supplier, at a point when the supplier became a final consumer.“Therefore, registered suppliers generally do not incur VAT except where they are a final consumer for a particular good or service or where they incur VAT on a good or service that is specifically excluded from input tax deduction,” he said.Mr Sikalinda stated that there were three major facets of tax compliance, namely, filing of […]
ZRA gives tips on VAT refund
