ZRA stands for Zambia Revenue Authority. It is the government agency in charge of administering and collecting taxes in the Republic of Zambia. The Zambia Revenue Authority is responsible for the enforcement of tax laws, regulation of the import and export of goods, and the facilitation of international trade. Its goal is to ensure that individuals and businesses fulfill their tax obligations, thus contributing to the development and sustainability of the Zambian economy.
As a tax administration agency, the ZRA has various functions. These include the registration and licensing of taxpayers, assessment and collection of taxes, conducting audits and investigations to detect non-compliance, and providing taxpayer education and assistance. The ZRA also plays a crucial role in preventing tax evasion and smuggling by implementing strict border control measures.
In addition to tax collection, the ZRA is responsible for the administration of various taxes and levies, including income tax, value-added tax (VAT), customs and excise duties, and property tax. It also collaborates with other government agencies and international organizations to enhance tax administration, improve transparency, and combat tax evasion and money laundering.
Overall, the Zambia Revenue Authority is crucial to the financial stability and economic growth of Zambia. Its primary objective is to ensure compliance with tax laws and regulations, thereby generating revenue for the government and fostering a fair and efficient tax system.
