Business and Investment Consultants in Africa (BICA) Group has indicated that Zambia’s long-term revenue challenges will not be solved by imposing more taxes on compliant businesses and workers, but by bringing more individuals and enterprises into the formal tax system. The call comes at a time when the Zambia Revenue Authority (ZRA) is estimated to finance about 80% of the national budget through domestic tax collections, making tax revenue the backbone of public service delivery and national development. However, despite Zambia having a population of over 20 million people, a significant portion of informal businesses, self-employed individuals, small traders and...
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