ZRA TO PROPOSE TAX RELIEF FOR ARTS INDUSTRY

By Reuben Chomba

The Zambia Revenue Authority -ZRA- is in the process of engaging the Ministry of Finance to consider tax relief for the Arts industry in the 2022 national budget which is undergoing formulation.

ZRA Commissioner General KINGSLEY CHANDA disclosed this in Lusaka today during a collaborative meeting with the National Arts Council and Film Makers Guild.

Mr. CHANDA has since encouraged players in the industry to formalize their businesses and be tax compliant.

He said the Art industry has the potential to grow once proper incentives are put into place hence the move by the authority to push for a tax relief for the industry.

Mr. CHANDA further assured stakeholders in the Art sector that the authority will do its level best to ensure some tax policies are tailored in a way that will help the sector to grow.

Meanwhile, National Arts Council -NAC- Acting Chairperson AGNESS NYENDWA disclosed that the current tax system has disadvantaged Artists in Zambia.

Ms. NYENDWA complained that some of the Artists who are taxed withholding taxes earn way below the monthly minimum wage.

And Filmmakers Guild president LAWRENCE THOMPSON said the sector is in urgent need for a well structured tax system that will enable Artists to earn an income while contributing to the National Treasury.

The post ZRA TO PROPOSE TAX RELIEF FOR ARTS INDUSTRY appeared first on .