GOODS,SERVICE TAX CONCEPT PAPER TO GO PUBLIC

Finance Minister Margaret Mwanakatwe says the draft Goods and Services Tax -GST- Concept Paper will be circulated widely for public analysis and feedback before it is presented to Parliament for legislation.
Mrs. Mwanakatwe has also directed the Budget and Economic Affairs Division to continue overseeing the policy engagement and consultation process with stakeholders in order to finalise the concept paper and draft legislation for GST, in readiness for impleme
tation with effect from, April1st, 2019.
Mrs Mwanakatwe was speaking during a seminar on economic policy, fiscal affairs and financial management, held at the ministry’s headquarters in Lusaka.
Meanwhile, Mrs Mwanakatwe said the implementation of the 2019 national budget through treasury disbursements is progressing well with government releasing over 4.1 billion Kwacha for various government operations, development programmes, social security, an
debt service.
The Minister said of the total amount released, the Farmer Input-Support Programme has received 300 million Kwacha to cater for speedy implementation of both the e-voucher and the direct redeeming initiative for the 2018/2019 farming season.
She disclosed that the Food Reserve Agency -FRA- has received 30 million Kwacha this month bringing the total for the period October, 2018 to January 2019 to 223 million Kwacha.
Mrs Mwanakatwe said funds given to FRA are targeted at facilitating the procurement of maize and other grains in order to meet the strategic reserve requirements.
Mrs. Mwanakatwe has further instructed the Accountant General to ensure that the Integrated Financial Management Information System [IFMIS] and the Commitment Control System are fully operational in all Ministries, Provinces and Controlling Bodies in order
to reduce audit queries.
This is according to a statement released to ZNBC News by Ministry of Finance Spokesperson Chileshe Kandeta.

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News Source: ZNBC