Q FM Africa's Modern Radio
The Zambia Revenue Authority (ZRA) has recorded an above-target revenue performance in the first half of the year 2022 after collecting a net tax out turn of over 48, million kwacha against the period target of over 46, million kwacha thereby registering a surplus of K2, 104.0 million or 4.6 percent.
ZRA Commissioner General Dingani Banda says, cumulatively, the authority collected k56, 407.9 million in gross taxes during the first half of 2022, while the refunds stood at k8, 100.0 million.
Mr. Banda says the recorded surplus was largely attributed to the strong performance of direct taxes which was driven by sustained high copper prices on the global market during the period under review.
According to a statement availed to QTV news by ZRA acting Corporate Communications Manager Oliver Nzala, Mr. Banda says during the second quarter of 2022, the authority also surpassed the revenue target by collecting k29, 956.9 million in gross taxes and refunded k4, 050.0 million.
Mr. Banda says the net collections thus stood at k25, 906.9 million against the quarter target of k25, 146.3 million, thereby recording a surplus of k760.6 million or 3.0 percent.
He says the excellent revenue performance has also been enhanced by sustained implementation of key strategies as enshrined in ZRA’s corporate plan.