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Concern over Tax evasion by some companies in Zambia



Action Aid Acting Country Director Kijala Shako has expressed worry over tax evasion by some companies in Zambia’s financial sector. 

Speaking during a public discussion at Southern Sun Hotel today, Ms. Shako said once irregularities in taxation are controlled in the financial sector, the economy in Zambia will be stable, thus reduce cost of living.






And Ms. Kijala commended Bank of Zambia (BOZ), Bankers Association of Zambia (BAZ) and Zambia Revenue Authority (ZRA) for their commitment to regulate fund flow in Zambia and that which is taken outside the country.
“We Are worried over tax evasion by some companies in Zambia’s financial sector” Shako said
And Action Aid Economic Justice Officer Musonda Kabinga said the organization’s 2016 report indicates that Zambia lost K3 billion through corruptions and bribery in fraudulent procurement of mining and Government contracts in 2016.
Kabinga said the report records that the loss incurred was more than the funds allocated to Social Protection which was at K 2, 693 billion.
“Zambia lost K3 billion through corruptions and bribery in fraudulent procurement of mining and Government contracts in 2016” Kabinga said.

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