Thu, 11 Oct 2012 10:24:33 +0000 Government has been losing a lot of revenue in the precious mineral production and marketing through under declaration of profits and smuggling, Civil Society for Poverty Reduction (CSPR) has said. CSPR Information Management and Communications Officer Diana Ngula said that unless the revenue policy of 2013 was addressed to ensure efficiency in collecting tax revenue, government must enact another separate law to govern base metals to allow government achieve proper tax revenue. “Precious mineral production and marketing in the country has been losing a lot of revenue through under declaration of profits and smuggling. However this revenue policy of 2013 must address that, and ensure efficiency in collecting tax revenue.” She said. Ms Ngula said the revenue policy of 2013 should concentrate on closing up all tax leakages especially in the mining sector by ensuring that the mining tax unit of the Zambia Revenue Authority (ZRA) was empowered. She […]
