ZRA appoints Sherwood Greene to collect rental tax on their behalf

Filed under: Breaking News,Business |
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The Zambia Revenue Authority (ZRA) has appointed local real estate firm Sherwood Greene as agents for collection of tax on rental income for commercial and domestic properties in Lusaka and Copperbelt.

According to a statement issued by ZRA corporate communications manager Topsy Sikalinda, tax payments will be made directly to ZRA while, Sheerwood Greene together with ZRA will conduct door to door inspections in Lusaka and the Copperbelt in order to collect proof of payments for withholding Tax on Rent due to ZRA.

Sikalinda says the appointment of Sherwood Greene as tax agents comes after Minister of Finance, Margret Mwanakatwe on June 15, 2018 signed into law the Statutory Instrument number 48 of 2018 for the appointment of tax collection agents.

“This follows the amendment of the Income Tax Act Cap 323 of the Laws of Zambia to allow the Commissioner General to appoint tax agents to collect base tax, presumptive tax, turnover tax and tax on rental income,” stated Sikalinda.

He says the Authority will soon issue and advert to invite eligible entities to apply to be tax agents.

“Recently Zambia National Marketeers Credit Association (ZANAMACA) was also appointed as tax agents for base tax. The Zambia Revenue Authority will soon issue another advertisement to invite eligible entities to apply to be tax agents so that there are more entities participating.

“We trust that these new initiatives will broaden the tax base, create employment opportunities lower the cost of tax collection, and compliance cost.

“Tenants and landlords are encouraged to quickly register by visiting the website www.zra.org.zm and make payments to avoid being inconvenience when they are visited.”

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5 Responses to ZRA appoints Sherwood Greene to collect rental tax on their behalf

  1. You guys you want to pay back the money you got through poor people sure

    Zoona
    August 1, 2018 at 5:16 pm
    Reply

  2. I need to be more educated on the issue of paying Rental tax in malls we pay tax from salaries people pay tax now even rental money whats the point of paying money to the council then for the building??? Try to be fair.

    Memory
    August 2, 2018 at 5:00 am
    Reply

  3. this is broad daylight robbery….. how many taxs shall we pay Kanshi mwe bantu

    Luwen
    August 2, 2018 at 8:51 am
    Reply

  4. Sure everything is taxed!! How do we survive?? PAYE, ROAD TAX, TOLL FEES, LAND RATE,VAT, CROP LEVY, MARKET FEES,the list goes on. Let us have some breathing space in our country-ZAMBIA.

    S
    August 2, 2018 at 9:19 am
    Reply

  5. This too much people working are being overtaxed!!By the way, how is it going there operating. Is it the land lord who Will be paying or the tenant ad well!You must embark on sensitization first before effecting it!On the other hand individual initiatives have killed, back to unip’s leadership code!

    ROKA
    August 7, 2018 at 11:48 pm
    Reply

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Start: 2019-07-01 End: 2019-07-31