ZRA starts recovering money owed to it

By Sharon Siame

The Zambia Revenue Authority -ZRA- says it has started recovering money from various individuals and companies with cases submitted to the Authority by the Financial Intelligence Centre -FIC.

About 14.5 billion Kwacha has been accessed by the Authority from individuals and companies cited by the Centre.

This is from the 510 disseminated cases from FIC as at the end of September 2024.

ZRA Corporate Communications Manager OLIVER NZALA told ZNBC News that out of these cases, the Authority specifically concluded 157 cases submitted between January and September 2024.

Mr. NZALA said ZRA has continued to prioritize and work on cases of suspected illicit financial flows submitted by the FIC to ensure that tax revenue leakages are sealed.

He says the Authority receives disseminations from the Financial Intelligence Centre which are acted upon through Investigations and Tax Audits.