Directive on tax invoice issuance should be clear


Dear editor,
THE Honourable Minister of Finance, Felix Mutati, has issued a directive that all companies should issue tax invoices effective January 1, 2018.

He should have elaborated more on the criteria to use as, already, companies whose turnover is below the threshold are exempted from VAT, hence there is no need to issue a tax invoice bearing a VAT number.
Most small companies have only TPIN numbers on the invoice because they are exempted.
We therefore urge the minister to inform the nation about the system to be used and there must be seminars by Zambia Revenue Authority to educate the nation.CONCERNED CITIZEN
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