Zambia Revenue Authority Exceeds Q1 Revenue Target
The Zambia Revenue Authority (ZRA) has reported a revenue collection of 28.4 billion kwacha in the first quarter of 2024, surpassing the targeted 28.1 billion kwacha by 339 million kwacha.
ZRA Commissioner General, Dingani Banda, disclosed this in Lusaka today during a presentation at the Economics Association of Zambia (EAZ) Summit, delivered on his behalf by ZRA Acting Commissioner for Business Facilitation, Richard Kapasa.
Mr. Banda outlined that ZRA aims to collect 125.3 billion kwacha through various taxes this year, marking a 21.5% increase from last year’s collection of 103 billion kwacha.
Emphasizing the Authority’s role in contributing approximately 70% to the National Budget, Mr. Banda urged taxpayers to ensure compliance with tax regulations.
SOURCE:znbc
