MORE than K3.5 million out of K34.4 million has been recovered from tax evasion cases by the Financial Intelligence Centre (FIC).

The money recovered results from seven concluded cases that were being investigated from January to March this year.

Zambia Revenue Authority (ZRA) communications manager Oliver Nzala said the Authority receives cases from FIC which are acted upon through investigations and Taz audits.

“ZRA has concluded Seven cases from the Financial Intelligence Centre (FIC) resulting in the recovery of over K3.5 million out of the K34.4 million issued in assessments to the taxpayers from January to March, 2023. The status of the dissemination is reported quarterly to the FIC,” he said.

Mr Nzala said in the pursuit of its investigations, the Authority ensures that tax evaders are assessed for tax and they may also be prosecuted for non-compliance with Revenue Laws.

He said in line with the recommendations of the FIC Report, cases are also referred to the Anti-Corruption Commission (ACC) for suspected money laundering offences, having tax evasion as a predicate offence.

“ZRA is intensifying its fight against Illicit Financial Flows (IFFs) by working with Law Enforcement Agencies through the exchange of information and enforcing of domestic tax laws and policies so that taxpayers pay their dues from businesses,” he said.

Mr Nzala noted that the sharing of intelligence on tax issues creates an opportunity for the Authority to combat tax evasion and tax frauds, which are all elements that undermine the capacity to generate the legitimate revenue for the people of Zambia.

“The Authority fully supports the collaborative mechanism that has been put in place between various Government agencies to fight money laundering and Illicit Financial Flows.Taxpayers are also reminded that tax evasion is a predicate offence to money laundering and may have wide ranging consequences for those who engage in such a practice,” he concluded.

(Mwebantu, Sunday, 7th May, 2023)

Government regards the automotive and motoring sector as a major contributor towards the growth of the national economy. In the same vain, Government recognizes the fact that motor vehicles are no longer a luxury but an essential component in the upliftment of living standards of the citizens.

Minister of Transport and Logistics Hon. MUSEBA FRANK TAYALI, MP, made these remarks ahead of the forthcoming Copperbelt Motor Show scheduled to take place in Kitwe on 5th, 6th and 7th May 2023 at Garden Court Hotel.

The Minister said the inaugural event that has attracted more than 55 plus brands of different products is a positive sign of how conducive the playing field is currently as provided by the New Dawn Administrative led by the President of the Republic of Zambia Mr. HAKAINDE HICHILEMA.

He said such shows have a significant aspect which is the introduction of new technologies that can eventually benefit society such as an improved fuel efficiency, safety features, and environmentally friendly vehicles.

Hon. TAYALI says the Copperbelt Motor Show offers networking opportunities where various captains of the industry such as the mining sector can meet with dealers and suppliers. He further notes that such interactions can lead to consolidating new and long-lasting business relationships since the event is a one-stop-shop.

He says Government is committed to supporting the development of the automotive and motoring sector in the country whose significant role is recognized as a source of innovation and promotion of entrepreneurship.

The Minister notes that the New Dawn Government believes that events like the Copperbelt Motor Show are an important step towards achieving the goal of making Zambia a Transport and Logistics hub and has encouraged all participants and visitors to take full advantage of the opportunity.

Hon. TAYALI has since commended the organizer Mr. BOBBY SINGH and his team, exhibitors and partners for their tireless work and dedication in seeing to it that the automotive and motoring sector in Zambia is appreciated by all.

Unicaf University is hosting an Open Lecture on “Sustainable Funding for Youth Empowerment in Zambia” on May 4th, 2023. The event will feature Mr Milimo Ngululu, Director of Finance at Citizens Economic Empowerment Commission (CEEC), who will share insights on how CEEC is creating sustainable funding for youth empowerment initiatives in Zambia.

The purpose of the Open Lecture is to discuss themes around youth empowerment funds and bring together prominent and influential voices in the youth sector to discuss how we can better support young people in Zambia. The lecture will also highlight various aspects that are of pertinent importance to national development and of global relevance.

This event is an excellent opportunity for students, academics, and professionals interested in youth empowerment to gain new insights and network with like-minded individuals.  The Open Lecture will take place at: Unicaf University Campus, Plot 20842, Off Alick Nkhata Road, Longacres, Lusaka.

Register now to secure your place!

Let’s come together and continue the conversation on how we can empower young people in Zambia to achieve their full potential.

Register Now 👉🏼 https://study.unicaf.org/Mwebantu-Open-Lecture