By BUUMBA CHIMBULU
AS execution of the Electronic Invoicing System came into effect yesterday, some economic players have proposed extension of the deadline by six to 12 months for business to integrate their operations.
Finance and National Planning Minister, Situmbeko Musokotwane, in March this year launched the electronic invoicing system which enables the Zambia Revenue Authority (ZRA) to have real time business transactions and optimise revenue collection.
The system prevents the use of fake invoices in Value Added Tax (VAT) refund claims and ensures that only qualifying entities claim deductions CLICK HERE TO READ MORE
Author
