NATION DAILY
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PURSUING JUSTICE AND EQUITY WITH INTEGRITY
Vol. 6. Issue 2674
Price K10
Thursday August 6, 2020
MINING TAX DEFICIT SHOCKER Even the assertion that taxes from the mining sector have dropped is false. Overall taxes have increased COMPARISON - PAYMENTS JANUARY TO JULY Mineral Royalty
2,350,516,153.52
2019 2,503,632,303.08
Company Tax
3,206,033,074.67
1,620,489,135.86
Pay As You Earn
1,390,072,427.62
1,354,720,899.00
Total
6,946,621,655.81
5,478,842,337.94
By BUUMBA CHIMBULU
Movement Reduction of 6% in Mineral Royalty Payments in 2020 payments compared to same period for 2019 Increase of 98% in Company tax payments in 2020 compared to same period in 2019 Reduction of 3% in PAYE Payments in 2020 payments compared to same period for 2019 Overal 27% increase in Payments of the three major tax types in contribution of Mining Revenue
6% 98% 3% 27%
Reduction in Mineral Royalty Payments
Increase in Company tax payments
Reduction in PAYE Payments
Overal increase in Payments
Chilufya earned Irate Chitambo K22m, court residents block hears manganese firm Story on Page 3
HEALTH Minister Dr Chitalu Chilufya had over K22 million in earnings from employment and business-related income by February 2020, the Lusaka Magistrate’s Court heard yesterday. Story on Page 3
UPND member threatens to kill Bill 10 advocates
If it’s in the NATION you know it’s true!!!
T
HE Mining Industry owes Government in excess of K19.68 billion in unpaid tax revenue, a Daily Nation investigation has revealed. This is contrary to claims by the Zambia Chamber of Mines (ZCM) that Government owes the industry US$1 billion (equivalent to K18 billion) in unpaid Value Added Tax (VAT). The Chamber has now beeen accused of making false and inflamatory statements intended to undermine Zambia as a credible investment destination. To Page 6
AFRITANK
Why has > 20 years' Expected Lifespan outdoors? Because it contains double layer with the pale green outer layer and inner layer of> 2.3% Carbon Black - melt compounded into Polyethylene - to block and provide effective protection against the harmful effects of the Sun's Ultraviolet Rays Other features Double layer tank, 100% virgin food grade material, Corrugated walls for extra strength, 5 Years warranty against the manufacturing defect Side Manhole access, ease of inspection and installation
AFRITANK is the part of AquaSanTec group of companies, the Most trusted brand in Kenya, Uganda, Rwanda, Zambia and South Sudan market, As a group over 30 years legacy in manufacturing of water storage tanks. C6098
2020
Story on Page 6 & 7