Govt tips stake­hold­ers on sales tax

Daily Nation Newspaper - - HOME NEWS - By NA­TION RE­PORTER

ALL stake­hold­ers should en­gage them­selves on the rein­tro­duced Sales Tax be­fore it is im­ple­mented in April next year, says Fi­nance Min­is­ter Mar­garet Mwanakatwe. Ms Mwanakatwe said it was im­por­tant for stake­hold­ers to en­gage on the Sales Tax and iron out any con­cerns. The min­is­ter said this in Lusaka yes­ter­day, at the Zam­bia In­sti­tute for Pol­icy Anal­y­sis and Re­search (ZIPAR) in re­marks made for her by Per­ma­nent Sec­re­tary for eco­nomic man­age­ment and Fi­nance, Mukuli Chikuba. “As a min­istry we would like to urge stake­hold­ers for en­gage­ment on the Sales Tax, we have six months be­fore it is rein­tro­duced,” she said. And ZRA Com­mis­sioner Gen­eral Kings­ley Chanda said it pays K800 mil­lion on a monthly ba­sis as re­fund to the mines. Mr. Chanda said con­trary to as­ser­tions by some sec­tion of so­ci­ety Zam­bia was not the only coun­try with Sales tax but there were 46 other coun­tries in­clud­ing the United States of Africa.

Newspapers in English

Newspapers from Zambia

© PressReader. All rights reserved.