The Private Sector Development Association (PSDA) has challenged the Zambia Revenue Authority (ZRA) to explain to the Zambian people how Zambia Sugar evaded tax from 2007 to 2012 without the authority noticing.
PSDA chairperson Yusuf Dodia told the Zambian Eye in an interview that the report raveled ZRA’s incapacity to detect tax evasion and largely collecting the much needed revenue needed by Government to run its affairs.
“It is very strange that in a whole period between 2007 and 2012 this huge multinational company only paid less than 0.5% of its $123m to ZRA and what it even stranger is that the whole thing passed unnoticed to ZRA,” Dodia said.
He has since urged ZRA to issue a comprehensive statement on the matter so that people can understand how the whole thing happened.
Dodia wondered just how many multinational companies could be in the same situation as Zambia Sugar.
He said a lot could have been achieved with the amount of tax that was evaded saying it could have been used to put more than 48 000 children in school.
A new report by Action Aid titled ‘Sweet nothings raveled that Zambia Sugar PLC, owner of White Spoon Sugar and other house hold brands evaded tax by paying only less than 0.5% of its KR 559m pre-tax profits in corporation tax between 2007 and 2012.
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The problem is that its not only Zambia sugar which have been evading and avoiding tax. Some NGOs like Keepers Zambia Foundation have also been doing the same.In fact in some cases Keepers Zambia Foundation (KZF) has been deducting PAYE from members of staff and not remitting to ZRA. The so called John Msimuko and Mevis Mbindika Kasabula running KZF are very corrupt such that they pay ZRA officers when they come for inspection. They have been running another company called KZFI but no tax has ever been paid. So what are the authorities doing about this
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DID evaded??????????is this english?
Just what race (and colour) is being referred to here? I can’t see it
You can ask Joseph Mbesuma, he is the one who is introducing race and color.
SET UP DURING THE CORRUPT REIGN OF MMD. NO SURPRISE.
And legalized by PF Minister of Finance via Statutory Instrument dated 31st December 2012
“HOW DID ZAMBIA SUGAR EVADED TAX?” IS IT JUST ME OR PEOPLE ARE BECOMING SILLY WHEN IT COMES TO WRITING ENGLISH? THIS IS FUNNY.
THERE ARE ALOT OF THINGS WRONG WITH ZAMBIA REVENUE AUTHORITY. ONE THING THEY DON’T EVEN MENTION TO THE TAX PAYER (i.e the individual especially) IS THAT THEY ARE LIABLE TO DO TAX RETURNS. TAX RETURNS ARE IMPORTANT FOR THIS REASON:A tax return is important to check if the correct tax has been paid overall( this could be a reason as to how Zambia sugar has not paid the right tax). Three outcomes are possible from filing a tax return: either the taxpayer has either been charged too much or too little for their income, or they have been charged the correct amount. ZAMBIA REVENUE AUTHORITY PLEASE TAKE YOUR JOB SERIOUSLY AS THIS HAS A BIG IMPACT ON THE ECONOMY. Plus, Individual taxpayers please inquire about the tax return procedures, it is your money after all.
Ichisungu niba Tumfweko
Well Mr. Dodia, are you going to reply to #2?
Why should he waste his time with you? Its not his job! Go ask ZRA just the way he has asked! Mr. Dodia did not give those incentives if they were given. So please
Then SHUT-UP and stop with misleading general public by accusing the others in order to cover his own wrong doing.
As to ZRA, they are willing and integral part of all tax evasion
Mr. Dodia, why not ask how Zambia Beverages Group Ltd.; Varun Beverages Zambia Ltd.; Fairly Bottling Zambia Limited.; SAB Miller and Coca Cola managed to obtain tax incentives contrary to the Law???
Tax evasion and Tax avoidance are two separate isue. Obtaining tax relief by deception is a CRIMINAL offence!!! Somehow, avoiding to mention your brothers?
You are such a looser. Talking about race and colour in this time. Why do you want to take us back?
Let him do his work professionally. We have no place for people like you in the bussiness community.
He has asked a question as a citizen, you can also ask whatever you want, instead of attacking
Race and colour? Stupid!!!
its tax avoidace not tax evading