ZRA counts on collaborations to meet K125.3 billion 2024 revenue collection target


Tasked to collect K125.3 billion this year, the Zambia Revenue Authority (ZRA) has anchored its confidence to succeed on strengthening collaboration with stakeholders and taxpayers.

ZRA Commissioner-General, Dingani Banda, expressed confidence that the Authority would rise to the occasion and exceed the target.

The agency is banking on collaborations from stakeholders such as the Chinese Chamber of Commerce.

This came up at ZRA’s engagement with the Chinese Chamber of Commerce in Zambia on Friday in Lusaka.

The Commissioner-General was represented by the ZRA Commissioner, Domestic Taxes, Joseph Nonde.

Read more: ZRA engages over 200 cross border traders to deepen stakeholder mentality on tax matters

“This year, ZRA is expected to collect K125.3 billion, compared to a target of k103.1 billion last year.

“Undoubtedly, the Authority had an enormous task ahead, but we are confident that we will rise to the occasion and exceed the target.

“Our strengthening collaboration with stakeholders such as the Chinese Chamber of Commerce in Zambia, is the anchor of our hope for success in 2024,” Banda said.

On the engagement, Banda said the aim was to equip the chamber with tax knowledge that would empower them in making informed business decisions in relation to voluntary tax compliance.

He stated that the engagement was also meant to assist participants to correctly contribute to the revenue basket for the development of the nation.

“It is our expectation that through continuous engagement, we will build mutual trust with the taxpayers out there and ultimately enhance voluntary compliance,” Banda said.

Speaking earlier, Chinese Chamber of Commerce representative in Zambia, li Tie, committed to support ZRA to encourage voluntary tax compliance.

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