Category: Press Statements

ZTP CALLS ON GOVERNMENT TO REVISE TOLL FEES AND NRFA ACT

Lusaka, 27th August 2021: The Zambia Tax Platform (ZTP) has called on the Government to amend the Tolls Act of 2011 and NRFA Act to harmonize the usage of revenues collected from toll fees with; road maintenance and rehabilitation projects only. The platform maintains that use of tolls exclusively for road maintenance and rehabilitation can…
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Promoting Value Addition is Crucial in Enhancing Domestic Productive Capacity

Lusaka, 17th August 2021: Value addition describes the process of economic transformation provided to a product or service before it is offered to customers which results in a higher net worth. The challenge, however, to adding value and boosting domestic productive capacity for a country like Zambia that is commodity-dependent, makes it vulnerable to commodity-price…
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ZTP Press Statement 19.07.2021- Improved Investment Inflows and Economic Diversification for Sustained Growth

Lusaka, 19th July 2021: Foreign Direct Investment (FDI) is a key component of global economic integration and private external finance for developing countries. Not only does FDI add to investible resources and capital formation, but also promotes the transfer of production technology, skills, innovative capacity, and organizational and managerial practices between locations. In an era…
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Compliance still a serious challenge in the use of Electronic Fiscal Devices for Revenue Enhancements

Lusaka, 9th July 2021: Revenue shortfalls are common for many Governments across the world. Zambia has in the recent years continued to run on deficit financing which has resulted in the accumulation of public debt. These shortfalls in revenues to meet government’s expenditure needs are caused by many factors such as low tax base that…
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ZTP Calls for Deliberate Interventions and Transformed Economic Policies Targeting Women Amidst the Covid-19 Pandemic

Lusaka, 29th June 2021: As the covid19 public health pandemic risks maturing into an economic and social crisis, the impacts will be toughest on women. The pandemic has intensified the already existing gender inequalities and unmasked the weaknesses in Zambia’s social and economic systems.

Government Must Provide Incentives to Formalize the Informal Sector

Lusaka, 25th June 2021: Informality plays an integral role in defining the landscapes of labor markets around the world especially in developing countries where larger shares of the workforce is in the informal sector.  In the case of Zambia’s employment structure, this comprises of about 68.6 percent of employed persons in the informal sector (Zambia…
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Economic Growth is Paramount in the Enhancement of Tax Revenues

Lusaka, 18th June 2021: The Zambia Tax Platform wishes to commend the Zambia Revenue Authority (ZRA) for collecting above targets, revenues in the first 5 months of 2021. The Zambia Revenue Authority recently announced that it had collected K7.3 billion in excess of the target set for the first 5 months of the year. ZTP…
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Government Must Increase Spending towards the Health Sector

Lusaka, 7th June 2021: The productive capacity of any economy and the wellbeing of its people largely depends on the quality of health prevalent in a country which is determined by health systems and structures. In this regard, Government spending on health is critical for reducing health inequalities and improving the social determinants of health…
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Launch of Analysis of the Financial Intelligence Centre (Amendment)Act No. 16 of 2020

The overall objective of this analysis was to examine the provisions of the Financial Intelligence Centre (Amendment) Act No. 16 of 2020 and assess the ramifications or impact of the amendments. The provisions which include enhanced cooperation between the FIC and law enforcement agencies and supervisory authorities as well as empowering of the FIC to…
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