Govt owed K862 million in disputed taxes – Tax Appeals Tribunal

THE Tax Appeals Tribunal has pledged to expeditiously assist government to efficiently collect taxes and has revealed that a total amount of K861, 991,680.00 is being held in disputed taxes. In a statement, Tax Appeals Tribunal Registrar Chola Mutambo said that the tribunal was mandated to adjudicate on all tax disputes arising from the collection of tax revenue and that it was ready and fully equipped to assist the Government to collect tax. Ms Mutambo stressed the need for a scheme that would expeditiously and efficiently ensure timely collection of taxes. She said that the move was as a result government’s commitment and undertaking to work flat out to maximize the collection of tax revenue. Mr Mutambo explained that the Tribunal was equipped with a wider capacity to deal with tax related disputes brought before it following the repeal of the Revenue Appeals Tribunal Act No. 11 of 1998 and its replacement with the Tax Appeals Tribunal Act No.1 of 2015. “The Tax Appeals Tribunal, which is mandated to adjudicate on all tax disputes arising from the collection of tax revenue, is ready and fully equipped to assist the Government of the Republic of Zambia in a scheme that will expeditiously and efficiently ensure timely collection of taxes. This comes in the wake of government’s commitment and undertaking to work flat out to maximize the collection of tax revenue” Ms Mutambo stated that the Tribunal had received 14 Appeals out of which 4 had Rulings delivered, 3 pursuing amicable settlement outside the Tribunal and that the rest were being actively pursued before the Tribunal. She outlined that in all the active appeals which were currently before the Tribunal, there were a total amount of approximately K861, 991,680.00 held in disputed taxes. And Ms Mutambo said that the capacity of the members to sit and hear the disputes had been enhanced and that the qualifications of the Tribunal Chairperson had been upgraded to the same qualifications befitting a High Court Judge. She stated that the Tribunal had further been endowed with powers not only to enforce its orders and rulings but also to cite for contempt any disobeying party. Ms Mutambo said that dissatisfactions arising from Tribunal rulings had been made appealable to the Supreme Court of Zambia. She also said that the time frame in which any dispute was determined and resolved, was what was cardinal before the Tribunal Ms Mutambo pointed out that the time period of delivery of any Tribunal Ruling was limited to sixty days from the close of proceedings. She explained that the sole purpose was so that monies in terms of revenue tied in the disputes, were quickly remitted to either Government coffers or to the deserving taxpayer as the case may be.

Categorized | Business

Comments are closed.

Our Sponsor

Jevic Japanese Auto Inspections

Social Widgets powered by AB-WebLog.com.