“SALES TAX GOOD FOR REVENUE COLLECTION”

Finance Minister, Margaret Mwanakatwe says the introduction of Gross sales Tax will an extraordinarily good deal make a contribution towards bettering money retention.
Mrs. Mwanakatwe says the Value Added Tax -VAT- was not adding cost towards earnings sequence.
And Mrs. Mwanakatwe says an audit is currently being performed for VAT owed to mining companies and those owed will seemingly be paid because the transition job takes attain on April 1st.
Mrs. Mwanakatwe was talking accurate thru an Ernst and Young Zambia Breakfast 2019 Value range Diagnosis in Lusaka.
Within the period in-between, Mrs. Mwanakatwe told Zambians to desist from spreading falsehoods about the country’s debt and that handiest the Ministry of Finance has correct records made accessible to the public every 4th quarter.
And, Ernst and Young Zambia Director Patrick Mawire says there’s must revisit tax charges on withholding tax which was elevated to twenty % on story of no provision for reduction on branch profits was made.
And Zambia Income Authority- ZRA Commissioner Frequent, Kingsley Chanda says rather a lot of idea and diagnosis was put in the latest taxation system for the 2019 budget.