By BUUMBA CHIMBULUTHE incentives provided for in the 2022 National Budget under the Multi[1]Facility Economic Zone (MFEZ) seems to favour exporting companies to those producing for local consumption. This is according to the Zambia Association of Manufacturers (ZAM), Chief Executive Officer, Florence Muleya in a statement. As part of the non-tax measures in the 2022 National Budget, incentives have been pronounced that attract investment into the MFEZ, such as the reintroduction of the tax holiday where dividends of profits and profits on exports are zero rated for 10 years.In addition, the Government proposed to reduce the threshold for a Zambian to invest in the MFEZ and access incentives from US$100,000 to US$50,000. “The incentives are a good move to attract investment into the MFEZ but seems to favour exporting companies to those manufacturing for local consumption,” Ms Muleya said. She said the reduction in the threshold for Zambians to access incentives in the MFEZ does […]
‘ECONOMIC ZONE INCENTIVES FAVOUR EXPORTING FIRMS’
