By BUUMBA CHIMBULUTHE mining industry has been put in a more desperate situation as tax relief measures announced over three weeks ago have not yet been implemented, says Zambia Chamber of Mines (ZCM).Finance Minister, Bwalya Ng’andu, announced the suspension of the 5 per cent import duty on copper concentrates.The chamber believes that delayed implementation of the tax relief measures need to be implemented immediately to address the issues facing the mining sector and the business community in the midst of COVID-19.ZCM Chief Executive Officer, Sokwani Chilembo, said the industry’s circumstances had become more desperate in the time that had elapsed since the March 27 announcement.Government on Monday this week announced second set of tax relief measures, three weeks after the first set was announced.But Mr Chilembo in a statement urged Government to urgently engage with the sector to forestall the negative impact that would arise if measures were not taken immediately.He said the issues at […]
Implement relief measures, mines plead
