ZRA records K61m revenue surplus

Zambia Revenue Authority

THE Zambia Revenue Authority (ZRA) has recorded a revenue collection surplus of K61 million for the period between January and August 2013 at Chirundu Border Post.

ZRA Commissioner General Berlin Msiska said the authority’s target during the period was a collection of K1.470 billion, which was surpassed after posting a collection of K 1.531 billion.
He said on Tuesday in Chirundu that the station processes an average of 11, 000 declarations every month with 60 per cent of them destined for Zambia while the rest are for transit and export.
“The major revenue drivers for the station are mining machinery and equipment imported by the mines, petroleum products by oil marketing companies and finished products imported by South African retail distributors,” he said.
Mr Msiska said traffic levels were also on the increase with the station clearing an average of 250 trucks making entry into Zambia per day and a similar number exiting the country.
“The above figure is a 100 per cent increase from the numbers in 2009 prior to the launch of the One Stop Border Post,” he said.
In 2012 a total of K2.120 billion against a target of K1.898 billion was collected at the border post servicing Zambia and neighbouring Zimbabwe, giving a surplus of K221 million or 12 per cent above the target.