Business
Landlords Urged to Declare Rental Income to ZRA
The Zambia Revenue Authority (ZRA) has urged landlords to declare their rental income and comply...
Picture: Zambia24
The Zambia Revenue Authority (ZRA) has urged landlords to declare their rental income and comply with tax obligations.
ZRA Commissioner General Dingani Banda says rental income remains highly under-declared, with a previous 2018 assessment showing that only five percent of rented properties were registered for withholding tax on rental income.
In his presentation during Launch of the extended Voluntary disclosure programme in Lusaka, Mr. Banda says assessment found that out of approximately 600,000 rented dwellings, only 32,719 houses were registered for withholding tax on rental income.
Mr Banda says the figures highlights the need for landlords to come forward and regularise their tax affairs.
Meanwhile, Finance and National Planning Minister Dr Situmbeko Musokotwane says non-compliance with tax obligations continues to undermine Zambia’s domestic revenue mobilisation efforts.
Lakatips
The morning briefing
Zambia’s news, before your first meeting
One email each morning with the headlines that matter, from every newsroom we follow. Free, and one click to stop.
He urges the need to improve tax compliance, expand the tax base and ensure equitable contribution to the national treasury.
Dr Musokotwane says this is the basis for the Extended Voluntary Disclosure Programme, which gives eligible taxpayers with undisclosed or incorrectly declared tax obligations an opportunity to come forward, disclose the relevant information and settle the principal tax owed.
The Minister says the programme is not a reward for non-compliance, but an opportunity for taxpayers to correct past omissions and begin meeting their tax obligations consistently.
He has particularly encouraged Small and Medium Enterprises to take advantage of the programme, saying Government expects businesses to grow while meeting their tax obligations.
Source: Zambia24 — Read more
Also covering this story
- Diamond TV Zambia • 7 hours ago Landlords Urged to Declare Rental Income to ZRA
More to read
All Business →
Zambia Revenue Authority eyes K203.6 billion through compliance drive
The Zambia Revenue Authority (ZRA) could raise its 2026 revenue collections by K34 billion to K203.6 billion if taxpayer compliance improves by 20 percent, Commissioner General Dingani Banda has said. Banda said ZRA was currently projected to collect K169.6 billion by the end of 2026…
Zambia Revenue Authority signs deal for advanced cargo scanner at Livingstone border
The Zambia Revenue Authority (ZRA) has signed an agreement with United States-based technology company Astrophysics Inc. to install an advanced X-ray cargo scanning system at the Livingstone Border Post as part of efforts to strengthen border security and facilitate trade. Lusaka, 25 August
ZRA donates seized cooking oil
JOHN CHAAMBWA Lusaka ZAMBIA Revenue Authority (ZRA) has donated 1,200 units of 20-litre cooking oil seized from smugglers to various hospitals and charitable institutions in Lusaka. The cooking oil, which was declared fit for human consumption by the Lusaka City Council public health unit, was…