The Zambia Revenue Authority -ZRA- has recovered over K10 Million which government had lost through tax evasion by four companies in Kitwe.
In its quest to crack down on tax evasion on the Copperbelt, ZRA instituted criminal proceedings against Eagles Eye Transformation Limited and its Director Lifen Tang, Taurus Mineral Resources Limited and its Director Lifen Tang, Mineral Junxion and Transport Zambia Limited and its Director Xing Tang and Focus On Equipment Limited and its Director Xing Tang.
The said companies and directors were prosecuted on charges of false statement and returns and of evasion of taxation contrary to sections 43 and 44 of the value added tax act chapter 331 of the laws of Zambia before the Economic and Financial Crimes Court sitting on circuit in Kitwe.
Facts of the cases are that the four companies and their directors on dates unknown but between 1st January 2020 and 31st August 2022 in Kitwe, provided tax invoices to ZRA purporting to show that they had purchased taxable goods from other companies based on the Copperbelt which was false, thereby defrauding the Zambian government of revenue.
Further, that in the same period and jurisdiction the said companies and their directors fraudulently recovered Value Added Tax and interest amount of K10.6 Million by providing false returns that taxable supplies were made to Eagles Eye Transformation Limited, Taurus Mineral Resources Limited, Mineral Junxion and Transport Zambia Limited and Focus On Equipment Limited by several Copperbelt based companies when in fact not.
The actions of these companies caused loss of revenue to the government of the republic of Zambia in taxes and interest amount of K10.6 Million.
ZRA Corporate Communications Manager Oliver Nzala says the authority therefore sternly warns that any taxpayer found wanting will now be prosecuted to the fullest extent permissible by law.
