Tax pol­icy re­view com­mit­tee to be set up - min­is­ter

Daily Nation Newspaper - - FRONT PAGE - By BEN­NIE MUNDANDO

A Tax Pol­icy Re­view Com­mit­tee will be con­sti­tuted to deal with tran­si­tion to the new min­ing tax regime to en­sure ex­ten­sive and wide con­sul­ta­tions over the tax pol­icy im­ple­men­ta­tion, Min­is­ter of Fi­nance Mar­garet Mwanakatwe has said. Ms. Mwanakatwe said her min­istry would re­main open to di­a­logue with min­ing com­pa­nies that were will­ing to am­i­ca­bly dis­cuss the tran­si­tion to the new min­ing tax regime, im­ple­men­ta­tion of the sales tax and other fis­cal and eco­nomic af­fairs. She said her min­istry had taken note of the Zam­bia Cham­ber of Mines’ view over the mat­ter and that it had re­ceived over­whelm­ing com­mu­ni­ca­tion from other stake­hold­ers and that in col­lab­o­ra­tion with line min­istries, doors were open for more con­sul­ta­tions as the coun­try tran­sited to the new tax regime. “In view of the fore­go­ing and in re­spect of our own plan to en­sure a smooth tran­si­tion, the Tax Pol­icy Re­view Com­mit­tee will be re­con­sti­tuted and ap­pointed to deal with tech­ni­cal is­sues re­lated to tax im­ple­men­ta­tion mat­ters raised by the pub­lic. “The Min­istry ad­vises that con­sul­ta­tions on sales tax pol­icy im­ple­men­ta­tion will be wide and ex­ten­sive be­fore com­mence­ment in April 2019,” Ms. Mwanakatwe said. She said her min­istry re­mained com­mit­ted to en­gage with var­i­ous stake­hold­ers over the mat­ter to en­sure that the im­ple­men­ta­tion process was smooth. “Work­ing with other stake­holder min­istries and rel­e­vant govern­ment agen­cies, we re­main open to di­a­logue with min­ing com­pa­nies that are will­ing to am­i­ca­bly dis­cuss the tran­si­tion to the new min­ing tax regime, im­ple­men­ta­tion of the sales tax and other fis­cal and eco­nomic af­fairs, and fu­ture busi­ness co­op­er­a­tion mat­ters. “The Min­istry of Fi­nance has taken note of the pub­lic state­ment made by the Zam­bia Cham­ber of Mines. We also ac­knowl­edge re­ceipt of let­ters from some stake­hold­ers, and the Cham­ber, seek­ing clar­i­fi­ca­tion on the new tax regime,” she said.

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