The European Union- Zambia Business Club (EUZBC) was pleased to host the last event of the year, “EUZBC Compliance Matters” that was held on November, 24 th 2022 at Taj Pamodzi Hotel. The event was aimed at discussing the recent tax developments and providing an opportunity to better understand pension schemes.

Present to speak at this event was H.E Mr. Jacek Jankowski, Ambassador of the European Union to Zambia and COMESA, Mr. Muyangwa Muyangwa, Director General NAPSA, and ZRA Commissioner Direct Taxes, Mr. Joseph Nonde.

The meeting was opened with remarks by Mr. Jacek Jankowski where he reaffirmed the European Union’s commitment to assist efforts by the Government aimed at supporting the private sector, with focus on Small and Medium Enterprises (SMEs). Mr. Jankowski said, in bilateral cooperation with Zambia for the year 2021 – 2027, the EU and the Government have agreed to focus on driving economic growth that is smart, sustainable, and inclusive focusing on key areas that include renewable energy, sustainable agriculture, circular economy, education and skills development and Health.

 Following Mr. Jankowski’s opening remarks, Mr. Muyangwa Muyangwa lead a lively conversation on what is happening at NAPSA, highlighting how the current government is seeking to create a conducive environment for businesses to flourish. Mr. Muyangwa gave a presentation on the reduction of penalty rates and relief regarding non-compliance.

Thereafter, ZRA Commissioner of Direct Taxes, Mr. Joseph Nonde gave a presentation on Government Development Policy, Tax Administration – Challenges, Roadmap – Solutions, 2023 National Budget – Selected Tax Policy Measures, Tax Amnesty Program (TAP) and Strategies for Post Amnesty Program.

 In his presentation, Mr Nonde underlined the government’s vision to become a prosperous middle-income country by the year 2030. he also mentioned the challenges faced in tax administration which include limited diversification of the tax base, high dependency on copper mining, low tax compliance rates (2017-2022), escalating tax debt, 2013- June 2022, VAT, trade facilitation, and malpractice. Mr. Nonde proposed a road map to solving these challenges.

In a Q & A session, Mr Nonde further explained the roadmap for fixing VAT between 2022 and 2025. s

 After the session, the EUZBC hosted a networking cocktail that presented another great way for members to interact.

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To all our members who have not yet paid your annual membership subscription, please do so without further delay to enjoy the numerous benefits the EUZBC has to offer. If you have not yet received an invoice for 2023 membership fees, please feel free to reach out to our secretariat on email [email protected]