By BUUMBA CHIMBULU GOVERNMENT has offered tax relief to key economic sectors and will inject money in the economy to ease pressure caused by COVID-19 on businesses. The State will release K2.5 billion to tackle liquidity challenges in the financial market and dismantle arrears. Finance Minister, Bwalya Ng’andu, said yesterday in Lusaka that the measures were aimed at protecting the economy from the impact of COVID-19. Among the measures were suspension of the five percent duty on the importation of copper concentrates as well as export duty on precious metals in the mining sector. Dr Ng’andu said export duty on crocodile skin would also be waived. The minister said the measures would take effect as soon as he signed the Statutory Instruments, which were currently on his desk. Other taxes that would be suspended were excise duty on imported ethanol for use in alcohol-based sanitisers and other medicine related activities subject to guidelines to be […]
Govt offers tax relief
