Lusaka businessman warns ZRA

IF the Zambia Revenue Authority (ZRA) relents on The Post newspaper, it should never foreclose on any other Zambian company, especially those that will owe less than K53 million, says Lusaka businessman Saviour Khondowe.

 

Mr Khondowe said the amount owed by The Post was outrageous and there would be no moral justification on the part of ZRA to close any other companies if the newspaper was left scot-free.

On Tuesday ZRA seized property of the newspaper, halting operations at its printing plant in Lusaka following the Supreme Court’s ruling in its favour in a case in which the High Court granted a stay of the ZRA’s levy of distress on The Post newspapers involving K53.8 million which was due to ZRA.

“This should be made abundantly clear that if it relents on The Post newspaper, it should never foreclose any other Zambian company, especially those that will owe less than K53 million.

“The amount of money owed by The Post is rather outrageous and there will be no moral justification to close any other companies if the ZRA relents on the newspaper,” said Mr Khondowe.

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