The Zambia Revenue Authority has launched an online system for filing and paying taxes in an effort to make the tax paying process simpler, faster and easier.
Co-funded by the Investment Climate Facility for Africa (ICF) and the Government of Zambia, the new system allows users to register, file and pay their taxes online. This includes registering for a Tax Identification Number, filing electronic returns and making payments through electronic banking.
Apart from providing an easy payment system, the online portal also offers a variety of services to taxpayers. Users can calculate their taxes and plan appropriately. They can ask questions and a unique username and password enables them to track the status of their queries. The system issues SMS alerts and reminders, which will help taxpayers to remain compliant. A variety of information relating to domestic taxes in Zambia is also available, allowing taxpayers to be up-to-date on Zambia's tax laws.
This new development is part of Zambia's drive to modernise its tax administration in order to provide better services to taxpayers and reduce the cost of doing business in Zambia. With online payment of taxes, businesses will be able to comply with their tax obligations in a fast and cost effective manner.
Speaking at the launch, ICF CEO William Asiko said:
"ICF is pleased to be in the forefront of helping Zambia improve its business environment. The support we are providing towards the modernization of Zambia's tax administration will help to make the country competitive and more attractive to investors."
ICF has provided similar support to Rwanda which now enjoys the benefit of an online tax system.
Notes to the Editor:
The Investment Climate Facility for Africa (ICF) is a donor funded, private sector focused development institution whose purpose is to enhance the economic prospects of African society by working with businesses and governments to improve the investment climate in respective African countries. Based in Tanzania, it is a unique partnership between governments, private sector and development partners.
ICF believes that an improved investment climate is critical for job creation, income growth and poverty reduction across the continent. Therefore, ICF works with African governments to create a conducive legal, regulatory and administrative environment for businesses, both big and small, to invest, grow and create jobs.
Apart from modernisation of tax administrations, ICF also provides support in the areas of property rights and contract enforcement, business registration and licensing, commercial justice, customs, financial markets, infrastructure facilitation, labour markets, competition, and corruption and crime. ICF is supported by development partners and the private sector.
Additional information on ICF is available at www.icfafrica.org
For more information, please contact ICF's Communication Manager, Eunice Urio, at +255 22 212 9211 or email@example.com