LUSAKA, March 2 The Zambia Revenue Authority
(ZRA) has asked all account holders to obtain Taxpayer
Identification Numbers (TPIN) by the end of this year in an
attempt to capture more tax payers and raise revenue, it said on
ZRA Commissioner-General Kingsley Chanda said in a statement
the measure would make it easier to identify individuals and
entities in receipt of undeclared income like foreign dividends.
"This is one of the measures we thought would help us in
broadening the tax base. It will ensure transparency," Chanda
said at a meeting with companies in the capital Lusaka, adding
that account holders had until Dec 31 to register.
Africa's second-biggest copper producer needs higher
domestic revenue collection if the current levels of government
expenditure are to be maintained in a sustainable manner, the
World Bank said in a report in December last year.
Zambia collected 39.2 billion kwacha ($4 billion) in tax
revenue in 2016, a 15 percent from the previous year, Chanda
Its economy has suffered from the steep commodity price drop
of recent years.
Last March, Zambia began talks with the International
Monetary Fund about a potential loan package after agreeing that
its budget deficit was not sustainable, though formal talks have
not yet been launched.
($1 = 9.6500 Zambian kwachas)
(Reporting by Chris Mfula; Editing by James Macharia)