By BUUMBA CHIMBULUSEVERAL tax reforms that will focus on efficiency on revenue collection and widening the tax base are expected to be announced by Government in the next few years.This is according to Daniel Kavishe, Africa Economist at First National Bank (FNB) who has indicated that the institution expected the announcement of revenue reforms that would focus on efficiency on tax collection and widening the tax base.“Over the next few years, we expect the announcement of tax reforms that will focus on efficiency on tax collection and widening the tax base.“There are several Value Added Tax (VAT) exemptions and zero rated VAT orders under the current system that are likely to be removed given the broader strategy of improving the tax base revenue,” Mr Kavishe said in his analysis on Zambia’s economic performance.Meanwhile, the institution stated that it was expecting Zambia’s economic conditions to improve over the next few years.After having contracted by -3.0 percent […]
SEVERAL TAX REFORMS COMING
