KGRTC Appointed as Withholding Tax agent

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KGRTC Appointed as Withholding Tax agent

 The Zambia Revenue Authority (ZRA) has recently recognized Kafue Gorge Regional Training Centre for its outstanding corporate citizenship by appointing it as a Withholding Turnover Tax (WTOT) Agent. This appointment, effective from December 18, 2023, empowers the Centre to deduct WTOT on payments for goods and services supplied in accordance with the latest amendments to the Income Tax Act.

As the Centre embraces its new role, the process of WTOT deduction is set to commence manually, with plans from ZRA to transition to an automated system. This move is aimed at enhancing efficiency and compliance, reflecting ZRA's ongoing efforts to modernize and streamline tax collection processes.

This partnership between ZRA and Kafue Gorge Regional Training Centre not only exemplifies the authority's strategy to engage with key stakeholders in improving revenue mobilization but also highlights the Centre's commitment to contributing positively to Zambia's economic landscape. Through this collaboration, the Centre reaffirms its dedication to integrity, professionalism, and innovation, further establishing its role as a pivotal player in the nation's development.

 

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