Saasa tips ZRA on Digital Tax Stamps implementation
Published On January 13, 2022 » 568 Views» By Times Reporter » Latest News
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By JUDITH NAMUTOWE –
ZAMBIA’S tax expert, Oliver Saasa, has urged the Zambia Revenue Authority (ZRA) to undertake extensive due diligence before implementing the proposed Digital Tax Stamps (DTS).
Professor Saasa warned that if not implemented correctly, the tax measure had the potential to raise operational costs for legitimate manufacturers in the excisable sector, thus putting inflationary pressure on certain products.
He said while DTS was effective in sectors rife with smuggling, counterfeiting, tax leakages, and production under-declaration, a blanket implementation would be detrimental to compliant manufacturers.
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