Green Party of Zambia Leader; Peter Sinkamba does not expect Zambia Revenue Authority (ZRA) to start Collecting Withholding Tax on Rental Registration from Tenants and Landlords, particularly those who Pay or Receive Rent that is less than 3, 000 Kwacha per Month.
But the Authority assured the Public in particular, Landlords and Tenants in Low Density areas that they should not Panic on the 30th June 2018 Deadline by the Commissioner General Mr. Kingsley Chanda for Registration for Withholding Tax on Rental Income.
Meanwhile Mr Sinkamba says Collection of Rent from the said Persons should only be Triggered upon Mutual Agreement by the Ministry of Finance and concerned Stakeholders, of Taxable Threshold.
He says as the Minister of Finance Margret Mwanakatwe has stated, Section 45 Applies to Persons who Receive Taxable Income.
MAY 27, 2018