ZRA ADOPTS ADVANCED TECHNOLOGY SYSTEM IN INCOME COLLECTION
THE Zambia Revenue Authority (ZRA) has made a strategic shift towards electronic transactions, which is expected to create a streamlined, secure, and technologically advanced system for income collection.
According to the ZRA, about 99 percent of payments were currently being performed from the digital platforms.
ZRA Corporate Communications Manager, Oliver Nzala, said the organisation digitalised its payment processes, with 99 percent of payments being performed electronically. “The milestone reflects the Authority’s commitment to innovation, efficiency, transparency, and modernisation in the tax payment system,” Mr Nzala said in a statement issued yesterday.
He noted that ZRA’s digitalisation of payments served a comprehensive purpose, including reducing collection costs, enhancing the taxpayer experience, mitigating fraud risks, minimising queues, improving efficiency and accountability, and expanding payment options.
Mr Nzala, noted that the introduction of Electronic payments (e-payments) saw a modest uptick in electronic transactions, although 90 percent of taxpayers continued to rely on manual payment methods. E-payments in the Authority were introduced between 2012 and 2013 after the replacement of the Real-Time Gross Settlement (RTGS) for large payments which had marked the first step towards incorporating electronic systems into the payment framework.
According to Mr Nzala, ZRA had successfully worked with all banks in the country by 2020, three major mobile network providers, and a payment integrator.
He explained that this partnership marked a substantial shift towards digitalisation in revenue collection as it significantly boosted the adoption of electronic payment transactions to an impressive 80 percent mark.
Mr Nzala also said in December 2023, ZRA implemented the Integrated Payment System (IPS), leading to the introduction of customs payments on mobile platforms.