By ROGERS KALEROCHAMBISHI Copper Smelter has pleaded with Government to settle the K1.8 billion owed in unpaid Value Added Tax (VAT) refund.Company Director, Wei Fan, complained that operations had been affected and that the firm urgently needed the funds to remain sustainable.Mr Wei said Government should expedite payment of the VAT refund because the company was making losses and needed an immediate injection to improve the cash flows.He said this in an engagement with Finance Minister Bwalya Ng’andu and his entourage, who were on the Copperbelt for a fact-finding mission on mining operations.Others in the entourage were Mines Minister, Richard Musukwa, Labour Minister Joyce Simukoko and their Copperbelt counterpart, Japhen Mwakalombe.“The company is making losses hence the need for Government assistance so that we can deal with cash flow issues. Releasing the pending VAT refund will assist the company with cash flow,” he said.Mr Wei said that even with the huge amount Government owed, the […]
Chambeshi Smelter cries for K1.8bn VAT Refund
