ZRA Recovers Over K1.4 Million from Stephane Mining Imports and Exports Limited for Tax Evasion
The Zambia Revenue Authority (ZRA) has successfully recovered K1,493,307.52 from Stephane Mining Imports and Exports Limited following the company’s conviction by the Economic and Financial Crimes Court in Kitwe for tax evasion.
Between January 1 and March 30, 2024, Stephane Mining Imports and Exports Limited falsified export documents, misrepresenting Zinc Ore as Zinc concentrate to evade taxes.
The ZRA intercepted six trucks transporting the misdeclared ore, uncovering the tax evasion scheme.
After entering into a plea negotiation, the company has fully paid the evaded taxes and reimbursed K100,000 in prosecution costs. Additionally, the seized trucks and bags of Copper Ore have been forfeited to the ZRA for further action.
This information was provided in a statement issued by Harriet Mwiinga, the ZRA Senior Corporate Communications Officer.
