Mopani Must Part Away With K240m In Tax Debt – Supreme Court.
The Supreme Court of Zambia has ordered Mopani Copper Mines to pay the Zambia Revenue Authority (ZRA) over K240 million tax debt accumulated over a period of time.
From the K240.8 million assessed as taxes due for the stated period, K140.8 million is for the charge years 2008/09 while K100,000,000.00 for the 2009/2010 charge years.
The Supreme Court judgement delivered by Chief Justice Irene Mambilima who sat with Supreme Court judges Mumba Malila and Nigel Mutuna, ordered Mopani, to pay K240 million and not K311.1 million earlier assessed by the Tax Appeals Tribunal.
This matter was an appeal between Mopani Copper Mines as an appellant and the Zambia Revenue Authority as the respondent following the decision of the Tax Appeals Tribunal on December 8, 2010 against Mopani.