By OLIVER SAMBOKOTHE forfeiture of $3.2 Billion through the proposed amendment to the Mineral royalty act by the UPND, will result in the country losing over $200 million dollars per annum, says Kamfinsa Member of Parliament, Christopher Kang’ombe.Debating to the proposed amendment to the mineral royalty Tax in parliament yesterday, Mr Kang’ombe also said there is no proof that once the country forgo the $3.2 billion, investment will suddenly start flowing in the Mining sector.Meanwhile, Mr Kang’ombe said the Pay as Earn exemption threshold of K4, 500 is to low considering that the cost of living will soon go up following the increment in fuel pump price.He said the exemption should be increased to K5,500 to cushion the impact of the increased price for commodities in 2022.And Former Home Affairs Minister Stephen Kampyongo, said the PF government arrived at the current measure that the UPND is trying to do away, after assessing the situation and […]
THE forfeiture of $3.2 Billion through the proposed amendment to the Mineral royalty act by the UPND
