By BUUMBA CHIMBULU
GOVERNMENT has officially announced that it has activated tax measures outlined in the 2024 national budget such as introduction of mobile money transaction levy and the income tax.
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Finance and National Planning Minister, Situmbeko Musoktwane, highlighted the tax types that had been approved by Parliament at a media briefing in Lusaka yesterday.
“To support the implementation of the 2024 national budget, Parliament approved the following legislation: the Mobile Money Transaction Levy Act No. 16 of 2023, the Income Tax (Amendment) Act No. 22 of 2023 and the Customs and Excise (Amendment) Act No. 25 of 2023.
“Others are the Zambia Revenue Authority (Amendment) Act No. 26 of 2023, the Value Added Tax (Amendment) Act, No. 27 of 2023; and, the Appropriation Act No. 29 of 2023,” Dr Muskotwane said.
He stressed that these measures were targeted at growth, especially with action taken to increase the Constituency Development Fund, boost productivity in the agriculture and livestock sector, and accelerate mining production through KCM, Mopani and other existing and future players;
“The public sector has been positioned to ensure that all efforts are made to lessen the encumbrances faced by citizens in doing business. Continue with zero tolerance to corruption and prudent financial management. “Having acquired the support of Parliament, we need the support of all other citizens to ensure that the 2024 budget is implemented smoothly,” Dr Musokotwane said.
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