The Zambia Revenue Authority (ZRA) has called on suppliers of alternative energy products to pass on the benefits derived from tax incentives to end users by charging reasonable and affordable prices.
To cushion the negative impact that the pro-longed drought and subsequent load shedding has had on local businesses in the country, government has given tax incentives on alternative energy products.
However, ZRA is concerned that suppliers of solar energy equipment, despite benefiting from the tax incentives, are subjecting consumers to high prices, making it difficult for ordinary citizens to have other sources of electricity.
ZRA Manager -Corporate Communications, Oliver Nzala, says suppliers are able to import solar and other energy equipment without paying customs or duty, meaning the end users must also benefit through reduced prices.
“In August 2024, ZRA launched the Tax Incentives and Exemptions Guide aimed at providing information to taxpayers and the general public on the various tax incentives offered across sectors of the economy,” said Mr. Nzala in a statement issued to RCV News in Lusaka today.
By Eva Hatontola
