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Economic and Financial Crimes Court in Kitwe has convicted and fined Pingan Auto Services Limited K89 million.
This is after finding the company guilty on 22 counts of false returns and statements and evasion of tax contrary to Section 43 and 44 of the Value Added Tax Act, Chapter 331 of the Laws of Zambia.
In the same court, Santorini Investments Limited was fined K124 million in another case for fraudulently claiming Input Value Added Tax (VAT) from various Copperbelt based companies.
This according to a statement issued in Kitwe on Friday by Zambia Revenue Authority( ZRA) Corporate Communications Manager Oliver Nzala.
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Nzala said the fines were to be paid on or before March 30, 2023 failure to which warrants of distress will be issued to the convicted companies.
“Facts of the cases are that the two companies in purported compliance with the law provided to ZRA, information namely tax invoice numbers purporting to have been supplied with taxable goods by various Copperbelt based companies when not, thereby evading paying of VAT to the government,” he said.
Nzala warned taxpayers that the Authority would prosecute any taxpayer submitting false returns and evading taxes.
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