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 towards its K59.37 billion annual target. This exceptional performance especially towards the 3rd quarter of the year was largely attributed to the increased tax collection from income taxes as well as non-tax collections such as mineral royalty according to the Ministry of Finance.
