AI enhances Zambia’s tax collection, compliance

Posted by Peter Tolan 2 years Ago

 

Zambia reports that the use of artificial intelligence (AI) has enhanced its tax revenue collection capacity by 60% over the last two years.

Felix Mutati, Minister of Technology and Science, announced this significant boost in revenue collection during an AI lecture in the capital, Lusaka.

“AI has equipped the Zambia Revenue Authority (ZRA) with more tools to enhance revenue collection and tax compliance,” Mutati stated during his speech on Tuesday.

At the beginning of 2024, the ZRA announced that it had collected K100.6 billion (US$3.89 billion) in taxes, marking the highest total to date.

Speaking at the same event in Lusaka, ZRA Commissioner General Dingani Banda noted that AI has significantly improved fraud detection.

“ZRA can now analyze importers and exporters online, detecting fraud faster than humans,” Banda said.

Source: itweb.africa

 

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Peter Tolan is a Junior Content Editor for the HIPTHER network, where he has quickly established himself as a versatile voice in the global iGaming and technology sectors. Operating across the network's specialized platforms, Peter leverages a deep understanding of the European and American gaming landscapes to deliver high-impact, B2B intelligence. He is a key contributor to the "Evolution" side of the industry, specializing in the analysis of online gaming trends, the fast-paced world of esports, and the integration of deep-tech innovations. With a sharp eye for emerging technologies, Peter ensures that the HIPTHER community remains at the forefront of the global digital revolution.