ZRA EXCEEDS REVENUE COLLECTION TARGET FOR FIRST QUARTER OF 2022
By Leah Ngoma
The Zambia Revenue Authority-ZRA- says it has in the first quarter of 2022, exceeded the revenue collection target by K1.3billion after recording net outturn of K22.billion against a target of K21.1 billion.
ZRA Acting Corporate Communications Manager Oliver Nzala says on a year on year comparison, ZRA collected gross revenue of K26.5billion in the first quarter of 2022 as compared to K19.5billion in same period of 2021 representing a growth of 36%.
Mr Nzala says in the period under review, refunds increased by 56% from K2.6billion in 2021 to K4.1billion in 2022.
Meanwhile, Mr Nzala has urged tax payers to continue being tax compliant and ensure they make payments on time.
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