ZRA records K48.5bn in VAT refunds
Published On March 18, 2024 » 351 Views» By Times Reporter » Business, Stories
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By ANDREW MULENGA –
THE Zambia Revenue Authority (ZRA) has recorded a cumulative total of K48.5 billion in Value Added Tax (VAT) refunds.
ZRA commissioner for domestic taxes Joseph Nonde said out of the K48.5 billion, K17.2 billion had been audited and waiting for payment.
Mr Nonde said in a presentation during an engagement with Chinese Chamber of Commerce in Zambia (CCCZ) that of the total VAT refund claims, 51 per cent were for periods older than three years from 2021.
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