Category: Press Statements

Autonomy In Tax Administration: Is Making The Revenue Authority More Independent The Answer To Increasing Tax Collection In Zambia?

Lusaka, 4th February 2022: Zambia like many other African countries has a unified Semi-autonomous tax administration. In this form of setup, functions of tax administration are granted to a semi-autonomous body- the Zambia Revenue Authority (ZRA). While ZRA is a semi-autonomous entity with a board of directors, there have been concerns raised as regards the…
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Addressing Energy Challenges and Easing the Negative Effects of Fuel Subsidies Removal in Zambia

Lusaka, 21st January 2022: Energy is connected deeply in all three pillars of sustainable development that include the economy, social welfare, and the environment. In Zambia, petroleum plays a crucial role in running the economy as most sectors use it as a source of energy. There is no question that the removal of energy subsidies…
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ZTP CALLS FOR ENHANCED EMPLOYMENT CREATION AND BUSINESS STIMULATION IN THE COUNTRY

Lusaka, 14th January 2022: On the 15th of December 2021, Government met with sixteen Public Service unions to discuss issues affecting the Welfare of Public Service employees. Government resolved to adjust, effective 1st January 2022, the basic salaries of all public service employees upwards by 12 percent. Other adjustments made by Government include the rate…
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PERFORMANCE OF TAX REVENUES IN 2021 AND RECOMMENDATIONS FOR ENHANCED REVENUE MOBILIZATION IN 2022

Lusaka, 31st December 2021: The year 2021 has seen some improvement towards both the domestic and global economy after a year of recession in 2020 where Zambia’s economy contracted by 3 percent. While revenue performance was poor in 2020, the Zambia Revenue Authority (ZRA) by September 2021 managed to collect an excess of K80 million…
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ZTP Calls for Enhanced Social Security Mechanisms to the Informal Sector

Lusaka, 24th November 2021: Social Security is the protection that a society provides to individuals and households to ensure access to health care and guarantee income security, particularly in cases of old age, unemployment, sickness, invalidity, work injury, maternity or loss of a breadwinner. According to the International Labour Organization (ILO) Conventions and United Nations…
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SMALL MEDIUM ENTERPRISE DEVELOPMENT IS CARDINAL TO PAVE THE WAY FOR A PRIVATE SECTOR LED ECONOMIC-RECOVERY

Lusaka, 16th September 2021: The Zambia Tax Platform (ZTP) commends Government for establishing the Ministry of Small Medium Enterprises (SMEs) as enterprises will have a more direct share of the national budget. This Ministry will also assist in improving coordination and providing oversight to institutions such as Citizens Economic Empowerment Commission (CEEC). The Platform holds…
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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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