Zambia: Newspaper promises to pay outstanding taxes within 90 days

Lusaka, Zambia (PANA) – The independent Post Newspapers says it will continue liquidating both its current and outstanding tax obligations amounting close to K17 million to the revenue authority and ensure that it is current with the Zambia Revenue Authority (ZRA) within 90 days. (1USD=K13)

This follows Tuesday’s ruling by Lusaka High Court judge Mwinde Siavwapa who granted the Post Newspaper a stay of execution of his judgement against ZRA while the matter goes to Supreme Court on appeal.

“For the avoidance of doubt, the ruling by His Lordship Judge Siavwapa now allows The Post to continue liquidating both its current and outstanding tax obligations to the revenue authority in the manner that it has been doing since the matter went to court and ensure that it is current with ZRA within 90 days from the date when the Supreme Court will dispose of the appeal,” Rowena Zulu, Post Newspaper Finance General Manager, said on Wednesday.

“The matter in which Zambia Revenue Authority has been pursuing Post Newspapers Limited to pay its tax obligations in one instalment has undoubtedly attracted interest from within and across the borders of our country.

“The Post hereby assures its readers and partners that it is capable of meeting all its tax obligations and shall do so within the time frame granted by the High Court ruling,” Zulu stated.

Last Friday, the ZRA, in the company of armed police, made attempts to close down The Post claiming payment of K16.9 million in taxes and penalties, an amount which has been disputed by the newspaper.
-0- PANA MM/MA 11Nov2015

11 november 2015 11:26:46




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