The Zambia Revenue Authority (ZRA) has announced that it is engaging the Bankers Association of Zambia (BAZ) on the possibility of allowing banks to issue Tax Payer Identification Number (TPIN) to customers opening bank accounts.
Despite further extensions on individuals to register TPINs and submit to their respective banks, ZRA has noted that the number of individuals who have bank accounts is not corresponding with the TPINs captured so far.
ZRA Commissioner General Kingsley Chanda has announced that the authority is considering an extension of one year for people to register from the current deadline of 30th June, 2018.
He said the partnership with the Bankers Association of Zambia will help in capturing more people upon opening the accounts with any bank.
Chanda said the announcement will be made after concluding on going consultations with the Bankers Association of Zambia.
“We are trying to ensure that banks have capacity to issue Tax Payer Identification Number (TPIN) as people open Bank Accounts or transact with them. We will be making an announced once our consultations with the Bankers Association of Zambia are concluded,” said Chanda.