ZRA GOES FOR DAILY NATION AFTER EXPOSING FRED MMEMBES TAX EVASION AMOUNTING TO K8 M Barely a day after the Daily Nation exposed the Post Newspaper that it had accumulated more than K8 million in unpaid taxes to the Zambia Revenue Authority (ZRA), the authority has summoned the Newspaper to a meeting on Friday to discuss an outstanding K24, 063.43 in unpaid taxes. The Daily Nation on Tuesday broke the story that the Post Newspaper that had been claiming to be a clean and law abiding business had in fact stopped meeting its tax obligations soon after the Patriotic Front (PF) formed government in September 2011 and that it owes ZRA more than K8m. But on the date the story was published, the ZRA wrote a letter to the Daily Nation where it stated that the company was owing K24, 063.43 which was inclusive of penalties and interest. The letter dated 9th September, 2014 and signed by ZRA Commissioner-of domestic taxes Priscilla Banda stated that the Daily Nation had not been consistent with submission of returns and payments. Mrs Banda has since invited the Daily Nation for a meeting scheduled for tomorrow, Friday, 12th September, 2014 to discuss the settlement of the liabilities. The meeting between ZRA and the Daily Nation is scheduled at 09:30 hours and this is the first time that the authority has written to the Daily Nation complaining that the newspaper was not consistent with submission of returns and payments. “A review of our records indicates that you have not been consistent with submission of returns and payments. Consequently, there is about K24,063.43 outstanding in unpaid taxes inclusive of penalties and interest on your account. We are therefore inviting you for a meeting on Friday 12th September, 2014 at 09:30 hours to discuss the settlement of liabilities,” Mrs Banda said.
Posted on: Thu, 11 Sep 2014 12:38:41 +0000
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