An accounting package is a useful tool but believe it or not, it won’t make you a tax Accountant. If you don’t have any bookkeeping background, you may decide you want to use a tax agent to prepare and lodge your tax return.
Undoubtedly, tax authorities recognize the important role tax agents play in the tax system such as helping local businesses avoid accounting for reverse charge.
Local businesses importing services such as software installation and implementation are required to request their suppliers to appoint a tax agent that will act on their behalf in invoicing the recipient of the service in Zambia.
Of course, if you want to act as a tax agent you must first be registered and issued with a tax agency certificate. All non-resident suppliers who supply service to any taxable Zambian supplier can only appoint a registered supplier as a tax Agent and notify the commissioner-general about the appointment of the tax agent
Where the commissioner accepts the appointment of a tax agent, the tax agent shall handle any of your tax obligations until such time as the commissioner general accepts another tax agent.
This is what you must know before you use any tax agent. You are responsible for all the information on your tax return even if a tax agent completes it for you. You will be responsible for any extra tax if your agent makes a mistake.
I can not recommend any specific Tax agents; just make sure you ask the tax agent about their agency fees and their expertise with the type of tax you need help with before you decide which tax agent to use.
Nitram Management Consultants also act as Tax agents for non-resident suppliers of services whose clients in Zambia do not want to account for reverse charges. You can visit their website to find out more.
About the Author:
Fixed Asset Consultant at Prosperity Agencies Limited with over 10 years practical experience in physical verification, bar-coding of assets and fixed asset software implementation +260 211 239859
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