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Showing posts from October, 2018

Zambia is planning to introduce sales tax

Zambia will abolish Value Added Tax (VAT) and replace it with a non-refundable sales tax in April, Finance Minister Margaret Mwanakatwe said on Monday, a move likely to help the government boost revenue collection and bring down mounting debt. Mwanakatwe said the Zambia Revenue Authority (ZRA) would finalise audits of all outstanding VAT refund claims and collect any unpaid taxes before making the change. https://www.cnbcafrica.com/news/political/2018/10/01/zambia-is-planning-to-introduce-sales-tax-what-you-need-to-know/ Virus-free. www.avg.com