Tax tran­si­tion needs wider con­sul­ta­tion, says ZAM

Daily Nation Newspaper - - HOME NEWS -

ZAM­BIA As­so­ci­a­tion of Man­u­fac­tur­ers (ZAM) has called on Govern­ment to ex­tend the pe­riod for con­sul­ta­tion process for the tran­si­tion of the Value ad­di­tion tax to the sales tax. ZAM Chief Ex­ec­u­tive of­fi­cer Chipego Zulu said the time frame given for the con­sul­ta­tion and tran­si­tional process is min­i­mal to ad­dress con­cerns by stake­hold­ers. Ms Zulu said when the coun­try was tran­si­tion­ing to the Value Ad­di­tion tax, it took years for the tax to be im­ple­mented. Ms Zulu has how­ever stated that the tran­si­tion of the value ad­di­tion tax to the sales tax will af­fect the man­u­fac­tur­ing neg­a­tively. -

Newspapers in English

Newspapers from Zambia

© PressReader. All rights reserved.