A foreign donor will on Monday pay in full the K53 million Post Newspaper tax debt owed to the Zambia Revenue Authority (ZRA) only days after the newspaper was closed for failing to settle the bill.
The non-compliance and deliberate default by the Post Newspaper to settle the K53 million tax debts to ZRA had been but a ruse to enlist sympathetic financial support from donors.
The Daily Nation has been informed that the Post Newspaper had planned its closure in a scheme to solicit financial support over its growing debt both in taxes and loans and that the newspaper had effectively exploited its illicit avenue of clearing its indebtedness.
Sources have revealed that a donor had mobilised resources to rescue the Post Newspaper.
The newspaper intends to use the same tactics should the courts order the repayment of the K14 million Development Bank of Zambia loan that had been dragging for many years should be settled in full.
The donors the source said were only concerned about media freedom and not ascertaining where the billions of Kwacha collected on behalf of Government through VAT and Pay As You Earn had been applied.
“This is money that should have gone towards civil servants and meeting other Government needs but has disappeared, the source said.
The source explained that the Post Newspaper had grown and the newspaper had subsidiary companies but that such entities would not be used to settle colossal debts that had been accumulated at the newspaper through tax absenteeism and unsettled loans.