ZRA WINS KUDOS FROM ECONOMICS ASSOCIATION OF ZAMBIA

By Scoop Reporter

THE Economics Association of Zambia (EAZ) has proudly commended the Zambia Revenue Authority (ZRA) for its exceptional performance in revenue collection during 2024.

This follows ZRA’s recent announcement of a net collection of K130.9 billion, surpassing the Parliamentary target of K125.3 billion by an impressive K5.6 billion.

(EAZ) president Oswald Mungule has told The Scoop in a statement that this remarkable achievement underscores ZRA’s strategic focus, operational efficiency, and commitment to fostering a transparent and effective tax administration system.

Dr. Mungule is of the view that the K17.6 billion paid out as refunds demonstrates ZRA’s dedication to fairness and accountability, fostering taxpayer confidence and compliance.

He says as a key partner in Zambia’s economic development, the EAZ recognizes ZRA’s pivotal role in advancing fiscal sustainability and that the leadership of the Commissioner General, the Board, Management, and staff at ZRA deserves commendation for their tireless efforts in driving revenue mobilization, which directly supports Zambia’s economic transformation agenda.

He notes that this achievement is a cornerstone for addressing some of the country’s critical economic challenges, including debt sustainability and financing essential Government programs and that ZRA’s stellar performance in 2024 is a model of resilience and adaptability, setting a high benchmark for public sector efficiency.

“Looking ahead, the EAZ pledges its continued support for collaborative efforts aimed at enhancing fiscal policy frameworks, promoting economic diversification, and increasing Zambia’s competitiveness. As ZRA targets an ambitious net collection of K155.7 billion for 2025, the EAZ stands ready to contribute to this shared vision of economic growth and sustainability,” Dr. Mungule said.

He has congratulated ZRA on this extraordinary performance and has encouraged continued innovation and partnerships to ensure a robust and inclusive economic future for Zambia.