The new Zambia Revenue Authority (ZRA) board has elected Former Bank of Zambia Governor Caleb Fundanga as Board Chairperson.
The Board, at its first seating, also elected Nana Mudenda from the Law Association of Zambia (LAZ) as Vice Chairperson.
And Finance Minister Situmbeko Musokotwane has asked the Board to strengthen the measures being administered by ZRA in domestic resource mobilization, through enhanced usage of electronic platforms and increased compliance surveillance – to curb smuggling a
d tax related fraud.
Dr Musokotwane has further reiterated the need to develop remedial strategies to address the low compliance levels across several tax types.
The Minister has also directed the Board to oversee that ZRA services at border areas improve and high-efficiency performance sustained so that delays, long queues, and appearance of confusion and disorder come to an end.
He has emphasized Government’s expectation for the Board to address tax related frauds by guiding ZRA to enhance tax-payer engagements, to showcase the benefits of paying taxes, and to increase automation to collaborate tax information.
Dr Musokotwane has further tasked the Board to timely develop an action plan that addresses the challenges in tax administration and ensure ZRA attains the revenue collection target of above 21 percent of GDP over the medium term.
He has restated the Government’s resolve that fiscal sustainability through enhanced revenue collections is restored; over and above the expenditure rationalization measures that are already being implemented.
The Minister has since congratulated the Board Chairperson and his vice chairperson for their election.
This is according to a statement issued by the Ministry of Finance and National Planning.
