Thu, 20 Jul 2017 09:57:45 +0000 By MAILESI BANDA TOBACCO should be moved from the current standard rated VAT status to an exempt status if the crop is to be competitive in the region, Tobacco Association of Zambia consultant Phonto Mumbi has said. Mr. Mumbi said for the tobacco industry to be competitive, there was need for the crop to have similar taxing like other countries in the region. Making his proposals to the 2018 national budget, he said the government should commit to making the sector competitive to promote job creation and improve livelihoods for the rural communities. “For the tobacco industry to succeed we need to have a tax exempt status like other neighboring countries and this will help us compete favorable on the market,” said Mr Mumbi. He proposed that the crop is moved from the standard rated status to an exempt status. “The taxation of tobacco is in various stages and […]
