Sat, 10 Feb 2018 09:42:25 +0000 By BUUMBA CHIMBULU THE International Monetary Fund (IMF) has observed that certain tax exemptions are narrowing Zambia’s tax base which urgently needs to be broadened to allow Government collect more revenue for development. IMF Zambia country representative, Alfredo Baldini, observed that tax exemptions on certain areas which had special treatment were narrowing the tax base. Dr. Baldini emphasised that Zambia needed to improve on its tax administration to capture more revenue from all areas of the economy. “The overall collection which is a problem in the region and it is also in Zambia is that taxes need to be extended and broadened and the fact that the main tax exemption including Value Added Tax and certain sectors have special treatment, creates a narrow tax base,” he said. He was speaking in Lusaka yesterday at a media briefing where Government, IMF and the European Union gave an update on the […]
