(DAILY MAIL ZM) Tax modernisation project gets $15m
Tax modernisation project gets $15mAugust 22, 2012 | Filed under: Business | Posted by: web editor
By NELLA MUKALENGE
ZAMBIA Revenue Authority (ZRA) Commissioner General Berlin Msiska (right) exchange signed contracts with Investment Climate Facility for Africa (ICF) Chief Executive Officer Omari Issa (left) worth US $ 15million for the implementation of phase two Zambia Tax Modernisation project. – Picture by BRIAN MALAMA
THE Zambia Revenue Authority (ZRA) and the Investment Climate Facility for Africa (ICF) have contributed over US$15million towards the implementation of the phase Two of the Zambia Modernisation project.
The main objective of the project is to increase revenue collection in the country and enhance efficiency in revenue administration.
ZRA commissioner general Berlin Msiska says the implementation of the second phase will play a vital role in the modernisation of operations of the authority by facilitating its way of doing business.
“Government through the ZRA shall contributeUS$13,315,000 to the project costing US$15,463,000. ICF shall also contribute US$2,148,000 to the project,” he said.
Mr Msiska was speaking at the signing ceremony of financial assistance agreement between ICF and ZRA in Lusaka.
He said the authority in partnership with ICF successfully implemented the first phase whose objective included selecting Information Technology (IT) solution for the integrated tax administration system.
“ICF supported the authority in the implementation of the first phase in respect of the Zambia Tax modernisation and the other objectives included the completion of small and medium taxpayer (SMTO),”Mr Msiska said.
Meanwhile, ICF chief executive officer Omari Issa said there is need to enhance revenue collection through the introduction of modern technology to increase the number of people paying tax.
Mr Issa said the implementation of the second phase should see more SMEs pay tax as a way of facilitating their way of doing business.
“If ZRA makes it easy for SMEs to pay tax online there will not spurn away from paying revenue,” he said.
Labels: BERLIN MSISKA, TAXATION, ZRA
posted by MrK @ 4:36 PM
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