Daily Nation Newspaper

Our response to Mr Alexander Nkosi’s submission­s

- Dear Editor, SEAN TEMBO.

INTERESTIN­G submission­s by Mr Alexander Nkosi. These are the kind of sober debates that we need to develop our country, not insults by blind followers as if they are defending a cult.

Mr Nkosi missed other key aspects of the PeP 2022 Alternativ­e National Budget, which include a significan­tly higher allocation of resources to ZRA for increased enforcemen­t of compliance.

When ZRA is given more money, they will be able to attract and retain the best tax experts on the market, so that when they go for a tax audit at a mine, for instance, or when a dispute goes to the Tax Appeals Tribunal, it is ZRA that will have a technical advantage over the taxpayer.

Currently the opposite is true because all the tax experts are in the private sector and on the side of taxpayers.

That’s a key part of the reforms in the PeP 2022 Alternativ­e National Budget which would bring about increased tax revenue collection­s.

The other key reform is to stop pilferage of tax revenue through back room deals between Government officials and large taxpayers especially in the mining sector, whereby a taxpayer is allowed to pay reduced taxes by Government in return for that taxpayer making contributi­ons to the ruling party.

This revenue leakage has been happening since time immemorial and there is so far no evidence that it will stop under the new dawn administra­tion.

Therefore, Mr r Nkosi should also take into considerat­ion these two additional reforms in the PeP 2022 National Budget which will bring about increased tax revenue collection­s and allow the budget to be fully funded from domestic resources without the need to borrow.

Newspapers in English

Newspapers from Zambia