Submit your TPIN to your banks, we will not deduct money – ZRA
The Zambia Revenue Authority (ZRA) has urged those who have registered for TPIN to submit their numbers to their banks saying contrary to social media reports the Revenue Authority will not deduct any money from deposits.
There have been reports that ZRA is urging people to register for TPIN and submit them to the bank so that the Revenue Authority would deduct a certain amount from any deposit made.
Main opposition leader Hakainde Hichilema says ZRA will now collect about 80% of any income through taxes. The Revenue Authority has announced that it will now taxe landlords for house rent income.
And ZRA has extended the registration of TPIN from this monthend to 30th June 2018.
In a press release below the Authority says the extension is aimed at capturing more people. It says so far 406,576 had been registered.
For Immediate Release
Lusaka, Zambia 9th March 2018.
Zambia Revenue Authority Extends TPIN registration to 30th June, 2018.
The Zambia Revenue Authority (ZRA) has extended the deadline for application for Tax Payer Identification Numbers (TPIN) from 31st March to 30th June 2018. This measure has been taken to allow more taxpayers and bank account holders to register and avoid being inconvenienced.
The authority has also opened an office at the Lusaka Civic Centre and expanded the office at ministry of Lands in Lusaka as part of the decentralization and taking services closer to the people. ZRA will soon further open new offices in selected shopping malls in Lusaka, Ndola and Kitwe.
Meanwhile, the authority is further automating the online TPIN registration process which will allow taxpayers get their TPINs instantly upon application.
We are already engaging with the Banks through Bankers Association of Zambia (BAZ) to give access to the banks on our TaxOnline portal. This will translate into bank doing actual TPIN registrations for their customers countrywide.
Currently a total of 406,576 Taxpayer Identifications Numbers (TPINs) have been issued between January 2017 and February 2018. The Authority wishes to advise all those that have obtained their TPINs to have them submitted to their respective banks.
Under the Income Tax Act Section 45B, it is a legal requirement that every Bank Account Holder should have a Tax Payer Identification Number (TPIN). A TPIN is a unique identification that is useful to anyone currently or intends to deal with ZRA in future.
It is important to note that ZRA will not be deducting any amount from money deposited into people’s bank accounts and insinuated by sections of social media.
Issued By :
Topsy Sikalinda
Corporate Communications Manager