Sinkamba writes to Govt to place a waiver on income withholding tax on rent

Peter Sinkamba

Peter Sinkamba

Green Party President Peter Sinkamba has written to the Minister of Finance Margret Mwanakatwe demanding immediate issue of a waiver to formally exempt individuals who own residential properties from paying withholding tax on rental income.

The Green Party leader says the waiver should hold until an equitable system is put in place to ensure poor and unemployed landlords are unduly exploited by Government.

He says it is improper for government to issue ultimatums before amicably resolving the Pay As You Earn (PAYE) issues.

Mr. Sinkamba explains that according to Section 45 of the Income Tax Act, an income of K3, 300 gross per month is not reportable income.

He says such an income is tax free and adds that beneficiaries are obliged by law to report that income to ZRA.

He states that the threats by the Zambia Revenue Authority (ZRA) are nowhere closer to these values and principles.

Mr. Sinkamba tells QTV News in a statement that ZRA has unduly sent serious shivers in the people in compounds.

He says this issue of withholding tax requires a sober approach by those in Government not threatening the people.

The Green Party leader says those in Government must always remember that according to the constitution, ultimately sovereign authority is vested in the people.

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