THE Energy Regulation Board (ERB) has adjusted upward the pump prices of petroleum products by K1.20 per litre for petrol and K3.04 per litre for diesel.
The price of Kerosene has been adjusted downward by K0.65 per litre.
Speaking a media briefing, ERB Board Chairperson Reynolds Bowa also announced that board has commenced the full regulation of the retail price of Jet A-1 at airports and shall going forward determine applicable prices on a monthly basis.
“Therefore, the regulated Jet A-1 price, which is called the Posted Airfield Price (PAP), has been set at K20.69/litre for the month of October 2022. The regulation of Jet A-1 prices has been necessitated by the need to attain regional competitiveness,” Mr Bowa said.
He said the changes in pump prices and the posted airfield price are due to trends in the global petroleum prices and the exchange rate of the United States Dollar to the Zambian Kwacha in the period between the last and the current price review.
“Specifically, international oil prices continued to decline due to the global slowdown on consumption. This is amid concerns of inflationary pressures worldwide, anticipated slowdown of global economic growth and continued fears of a global recession.
Further,during the review period, the Zambian Kwacha continued to appreciate mainly due to increased supply of foreign exchange on the market on the backdrop of the continued positive market sentiments following the conclusion of the International Monetary Fund (IMF) package in August 2022. Since the last price review in August, the Kwacha appreciated, month-on-month by 3.23%, from an average of K16.12/US$ to K15.60/US$.
In September 2022, Government issued Statutory Instruments (SI), No. 59 on Value Added Tax(VAT) and No.44 of 2022 on Customs and Excise Duty, in order to restore taxes on petroleum products which were revised in January 2021. The taxes which have been restored are excise duty and VAT,” Mr Bowa said.
He said consequent to the SIs,the Government has restored excise duty from K0.64/litre to K2.07/litre while VAT has been restored from 0% to 16% on petrol.
Mr Bowa said on diesel, the Government has restored excise duty from KO/litre to K0.66/litre while VAT has been restored from 0% to 16%. Like before, no taxes have been levied on kerosene and Jet A-1.
(Mwebantu, Friday, 30th September, 2022)
A former ZRA accounts assistant slapped three years imprisonment for stealing over K170,000
THE Economic and Financial Crimes Court has convicted and sentenced a former Zambia Revenue Authority (ZRA) accounts assistant, Sami Sami to three years imprisonment with hard labour.
Magistrate Faides Hamaundu entered a statutory judgment and ordered the convict Sami to pay Zambia Revenue Authority the money that he had stolen.
Sami aged 43 was convicted on 18 counts of the offence of Theft by Public Servant contrary to section 277 of the Penal Code Chapter 87 of the Laws of Zambia.
The court heard that Sami an account assistant at ZRA on dates unknown but between the 16th day of August 2018 and the 31st day of July,2019, being a person employed in the Public Service namely ZRA stole K174,566.59 cash which came into his possession by virtue of his employment.
And ZRA has sternly warned its members of staff that there are no sacred cows as any officers found wanting will be prosecuted to the fullest extent permitted by law.
(Mwebantu, Wednesday, 25th January, 2023)
ZRA dismisses fake social recruitment post.
THE Zambia Revenue Authority (ZRA) has dismissed reports circulating on social media platforms purporting that the authority has advertised for jobs.
ZRA Corporate Communications Manager Oliver Nzala said the social media reports are fake adding the general public should not be duped by unscrupulous people who are forging and coming up with fake ZRA documents in order to swindle unsuspecting people.
Mr Nzala said the fake recruitment adverts are a concern to the authority because some members of the public who are desperate for employment get swindled.
He urged the public to be on high alert concerning the scam, saying the unscrupulous people should be reported to the nearest police station or any ZRA office.
Mr Nzala also dispelled reports that the authority had set up a trust fund.
“The ZRA would like to warn and urge members of the public to strongly ignore and treat social media posts circulating, purporting that there is a Zambia Revenue Support Trust Fund Program and that the Authority has advertised for jobs, as fake. We have noted with great concern fake recruitment adverts circulating on social media purporting to have been issued by the ZRA. This is a big concern for the Authority because some members of the public who are desperate for employment get swindled,”he said.
He said ZRA’s recruitment process is anchored on core values of transparency, professionalism and integrity.
Mr Nzala said that ZRA advertises job vacancies on their website and in the print media.
He said in the past the authority has received cases from some being swindled of hard-earned cash by unscrupulous people purporting to be recruitment agents for ZRA.
He explained the swindlers send fake messages inviting the unsuspecting general public to attend interviews or assessment tests, conduct police clearance, undergo medical examinations and report for work.
(Mwebantu, Sunday, 22nd January, 2023)
Tanzanian truck driver convicted for smuggling handbags and clothes
THE smuggling of used handbags and second-hand clothes into Zambia has landed a Tanzanian truck driver in trouble.
The Ndola magistrate court has ordered Mamza Msengi to pay over K300,000 to the Zambia Revenue Authority (ZRA) as a result of his actions that were deemed to defraud the Zambian Government.
Added to that, Msengi will have to part away with K10,000 after he was fined and given a default custodial sentence of nine months in prison.
Particulars of the offense were that on unknown dates but between November 20 and December 31, 2022, the convict defrauded the Zambian government of K304,223.00.
Msengi told border authorities at Nakonde Border that the consignment he was carrying was in transit to the Democratic Republic of Congo (DRC) through, the Sakania border in Ndola.
“Seals for the transit goods were placed on the said truck by Zambia Revenue Authority and allowed to proceed. However, he removed the seals in Ndola and trans-shipped the consignment onto another unknown truck,” ZRA Corporate Communications Manager Oliver Nzala said in a statement.
After trans-shipping the consignment, the driver affixed fake seals on an empty container and proceeded to Sakania Border in order to acquit the transit bond under the pretext that the truck was laden with the consignment which was declared at the border.
“Alert ZRA Customs officers conducted a physical inspection of the truck and discovered that it was not carrying any goods as the goods had been trans-shipped onto another truck in Ndola,” Nzala said.
In court, Msengi pleaded guilty before Magistrate Jennipher Bwalya.
He was ordered to pay a fine of K10,000 while asking him to also remit the evaded tax which amounted to K304,223.00.
“The Zambia Revenue Authority strives to detect and disrupt tax evasion schemes and prosecute criminals who engage in smuggling of goods through our borders to ensure that all individuals pay their fair share of customs duty and the right amount of taxes are paid to the government,” Nzala said.
(Mwebantu, Saturday, 21st January, 2023)