Dear Editor,DID you know that not all products attract customs duty and Value Added Tax (VAT) at importation? The government through the Zambia Revenue Authority allows you to import various goods duty free while others you only pay VAT at 16 percent.The government deliberately puts in place these incentives to grow various sectors of the economy by deliberately introducing zero or lower tax rates on these sectors. Among the sectors with huge list of items that are duty free are the agricultural sector and manufacturing sector.The list is so long but we shall try and list a few items to just have an idea of what is provided for in the various laws in terms of tax rebates and incentives.Let us start with items that are both duty free and zero rated meaning no taxes are paid at importation.These include agricultural fertilisers, herbicides, pesticides, bovine semen and animal embryos, live roses but they require a […]
DUTY FREE INCENTIVES IN ZAMBIA FOR THE AGRICULTURAL SECTOR
