Economic Expert Maxwell Chungu has expressed concern regarding the growing tendency of shop owners to issue fake receipts or avoid issuing fiscal receipts, warning that the practice could be depriving the government of much-needed revenue. Speaking in an interview with Zambian Business TimesZBT, Economic Expert Maxwell Chungu said the practice amounts to deliberate tax evasion as businesses seek to conceal sales and avoid paying taxes. “What we are witnessing is deliberate tax evasion because a proper receipt is proof of a transaction, and when a shop issues a fake one or avoids issuing one, they are simply hiding sales from...
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