tax
tax

The Zambian government announced on Friday that it will not go ahead to implement a controversial tax after it received stiff resistance from stakeholders.

In the 2019 budget, the government had proposed to abolish Value Added Tax (VAT) and replace it with sales tax.

But the announcement received mixed reactions, with most stakeholders rejecting the new tax, forcing the government to conduct countrywide consultations.

Minister of Finance Bwalya Ng’andu said government has decided to maintain the VAT tax based on the outcomes of the consultations.

He however said when unveiling the 2020 budget that the government intends to introduce measures to strengthen enforcement of VAT. Enditem

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