Thu, 08 Feb 2018 07:28:40 +0000 By BUUMBA CHIMBULU THE Zambia Chamber of Commerce and Industry (ZACCI) has called on Government to reduce corporate tax to 25 percent from the current 35 percent as it is making the local goods uncompetitive on the market. Speaking on behalf of ZACCI, member, Silvia Mwansa, observed that Zambia was one of the countries with high corporate taxes in Sub-Saharan Africa. Ms. Mwansa said reducing corporate tax to 25 percent would give a breathing space to local manufactures to promote their goods. “We continue submitting for Government to commence the process of reducing corporate tax from 35 percent to 25 percent at a rate of 2.5 percent per annum, “The 35 percent corporate tax makes Zambian goods uncompetitive as compared to other goods coming from other countries. Zambia is one of the countries with high corporate taxes in Sub-Saharan Africa,” she said. She was speaking recently in Lusaka at […]
