Daily Nation Newspaper

Widen local resource envelop -NGOCC

- By BUSINESS REPORTER

GOVERNMENT must set a clear agenda for domestic resource mobilisati­on and ensure that it builds citizen’s trust, says the NonGovernm­ental Organisati­ons Coordinati­ng Council (NGOCC). NGOCC executive director, Engwase Mwale, emphasised that it was important that taxpayers enjoyed their rights arising out of paying taxes. She was speaking recently at a Civil Society State of the Economy media breakfast in Lusaka. Ms Mwale said this was cardinal for Government in its quest to work towards ensuring that tax payers met their tax obligation­s. “It is critical for Government to note that focusing on improving compliance through transparen­cy and accountabi­lity is as important as scaling back preferenti­al treatments are essential for revenue mobilisati­on,” she said. Ms Mwale acknowledg­ed the opportunit­ies that existed to broaden domestic resource mobilisati­on through instrument­s such as capital markets and Public Private Partnershi­ps among others. She explained that such instrument­s had the potential to accelerate growth in Zambia. “In addition, Government, while working with key stakeholde­rs in a concerted manner, needs to identify high tax yield sectors in the country like telecommun­ications, banking/ finance, mining and high value infrastruc­ture. “It is imperative that Government institutes robust tax administra­tion mechanisms that will deal with any tax refunds and tax related transactio­ns in a transparen­t and fair manner,” she said. Ms Mwale advised Government to refrain from ad-hoc measures such as tax exemptions that had the potential to erode the tax base and undermine the design of tax systems.

 ??  ?? Ms Mwale
Ms Mwale

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