IMPORTANCE OF KEEPING CONFIDENTIAL TAX INFORMATION SAFE

By TOPSY SIKALINDA                          Tax information is confidential company information. It is therefore important that taxpayers take due diligence in keeping their information safe. For Zambia Revenue Authority, as a custodian of tax information, the issue of confidentiality is taken seriously.This is because the Authority realizes that correct information in the wrong hands is dangerous and detrimental to the owner of the information. In this regard, all tax matters are treated with the utmost confidentiality to safeguard taxpayers’ information.As we may be aware, taxpayers’ information is confidential under the various tax laws the Authority administers. For instance, under the provisions of Sections 21 of the ZRA Act, Cap 321; Section 175 of the Customs and Excise Act, Cap 322; Section 8 of the Income Tax Act, Cap 323; and Section 37A of the Value Added Tax Act, Cap 331, it is a criminal offense to extract, copy or print taxpayer data and submit it to any unauthorized […]