ZICA bemoans corporate entities’ growing cases of tax fraud
Published On February 19, 2024 » 427 Views» By Times Reporter » Business, Stories
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By KETRA KALUNGA –
ZAMBIA Institute of Chartered Accountants (ZICA) chief executive officer Anthony Bwembya says the institution is saddened by numerous tax malpractices committed by some corporate entities in the recent past.
Speaking at a Tax Update Workshop, Mr Bwembya said tax fraud had been significantly recognised as a serious threat to national development.
He said according to studies, developing countries lose a lot of money annually because of tax fraud.
Mr Bwembya said compliance with tax laws was the cornerstone of good corporate citizenship for businesses and unwavering patriotism for a professional accountant.

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