BUUMBA CHIMBULU writes
ADDITIONAL revenue amounting to K15.8 million was collected resulting from under declarations in 2019 by the Zambia Revenue Authority (ZRA).
ZRA Commissioner General, Kingsley Chanda, said the implementation of the mineral value chain monitoring project had resulted in key financial and non-financial benefits.
Mr Chanda said the electronic monitoring of the mineral value chain mechanism continued in 2019.
He said this recently in Lusaka at a press conference.
“Notably, additional revenue amounting to K15.8 million was collected resulting from under declarations which were discovered by the operations of the mineral data analysis centre, the mining audit unit and the various laboratory activities of pre and post clearance checks of mineral import and exports,” he said.
Mr Chanda also said a total of 122 small mining companies were introduced to online reporting on the mineral output statistical evaluation system.
He explained that this led to improved reporting compliance among small players in the mining industry.
Meanwhile, Mr Chanda said in line with ZRA’s modernisation reforms, taxpayers were now able to register for taxes and file returns using their mobile phones. He said this development has made it easier for small and medium taxpayers to register for Tax Payers Identification Numbers (TPIN) and file tax returns for selected tax types on their mobile phones without internet access.
“The platform has eliminated the need for taxpayers to physically visit the ZRA premises to apply for a TPIN or to file their returns. This has led to improved operational efficiency and reduced cost of compliance,” Mr Chanda said.