The Zambia Revenue Authority ZRA has reiterated calls for all well meaning Zambians to support the introduced Sales Tax, saying the implementation of Value Added Tax VAT, which has been there since 1995, has had negative impact on the economy.
ZRA Commissioner General Kingsley Chanda says fraud has been among the reasons that led to removal of VAT, as several organizations started claiming for VAT Refund twice.
Mr. Chanda also explained that, among other reasons, VAT made it easier for organizations to over value capital imports to claim capital allowances.
He was speaking in Lusaka today during the Delloitte in Dialogue stakeholder meeting.
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