As you may be aware, the Zambian Government pronounced to abolish the Value Added tax (VAT) and replace it with a simpler non-refundable Sale tax. In order to implement the non-refundable Sales tax, the Government has proposed to introduce an exempt list of major inputs for the manufacturing sector to cushion the local companies.
In view of the above, Zambian businesses are urgently requested to submit a comprehensive list of major production inputs through the ministry of commerce, trade and industry for consideration by the tax review committee under the ministry of Finance.
The proposed items will be submitted to the Ministry of Finance on 6th February 2019.
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