Only Six out of six thousand mines are tax compliant – ZRA
By Francis Chipalo
Zambia Revenue Authority – ZRA Commissioner General Dingani Banda has disclosed that only six out of six thousand licensed mining companies have been tax compliant in the recent past.
And the authority has also disclosed that there are serious financial flaws in the mining sector needing concerted effort to address.
Responding to Lusaka Radio news at the Economic Association of Zambia EAZ summit when he made a presentation on tax compliance levels in the mining sector, Dingani says only six out of thousand mines have been tax compliant.
And Dingani says ZRA has had internal challenges in dealing with financial flaws.
He however says various strategies are being put in place to address tax evasion as well as illicit financial flaws in the mining sector.
More in the attached audio…
There lies the problem with ZRA. There is no way zambi can have 6000 mines. An exploration license does not constitute a mine. There is also a possibility that so.e expired exploration licenses being counted into the tally.