ZRA ex­tends TPIN reg­is­tra­tion

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By BUUMBA CHIMBULU THE ex­ten­sion of Tax Payer Iden­ti­fi­ca­tion Num­bers (TPIN) reg­is­tra­tion to June 30 2018 will in­crease com­mer­cials banks com­pli­ance lev­els which cur­rently stands at an av­er­age of 18 per­cent, says the Bankers As­so­ci­a­tion of Zam­bia (BAZ).

Ac­cord­ing to BAZ, only 18 per­cent of the cus­tomers had con­firmed reg­is­tra­tion of the TPINs with com­mer­cial banks as of last week.

The Zam­bia Rev­enue Au­thor­ity (ZRA) last week ex­tended the dead­line for TPIN to June 30 from March 31 to al­low more tax­pay­ers an op­por­tu­nity to reg­is­ter.

Com­ment­ing on the de­vel­op­ment, BAZ chief ex­ec­u­tive of­fi­cer, Leonard Mwanza, said the ex­ten­sion would al­low the in­dus­try in­crease its com­pli­ance lev­els.

“We are happy there has been an ex­ten­sion but what we are look­ing for­ward to is to en­sure that all reg­is­ter. One of the rea­sons the ZRA has ex­tended is be­cause we re­alises that banks were at 18 per­cent com­pli­ance lev­els, “When you look at the num­ber of peo­ple who have regis­tered, well over 350, 000 peo­ple and yet we have more than two mil­lion ex­ist­ing bank ac­counts across the bank­ing sec­tor,” he said.

Mr. Mwanza said in an in­ter­view that some of the banks had cre­ated ap­pli­ca­tions which en­abled their clients reg­is­ter for TPINs.

He en­cour­aged banks cus­tomers to reg­is­ter for TPINs through their bank branches and via some apps which had been cre­ated.

“We are work­ing closely with ZRA in en­sur­ing many peo­ple ac­quire TPINs. So we re­quested for an ex­ten­sion but I think what is im­por­tant for now is that we work to­gether and see how the process can be ex­pe­dited by all mar­ket play­ers,

“We are also hop­ing to see how ZRA can al­low banks to send in­for­ma­tion of cus­tomers so that the process can be ex­pe­dited and we look for­ward to ev­ery cus­tomer hav­ing their TPIN by 30th of June,” Mr. Mwanza said.

Mr. Mwanza

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