Zambia delays implementation date for sales tax from VAT to Sept 1
Zambian Finance Minister Margaret Mwanakatwe made a statement on Friday declaring she would be delaying the implementation date for sales tax from July 1 to Sept. 1 to allow it undergo parliamentary procedures.
In March, Zambia again delayed replacing Value Added Tax (VAT) with a non-refundable sales tax for three months until July to allow for further consultation with business leaders.
Delivering her ministerial statement in Parliament on Friday, Finance Minister Margaret Mwanakatwe said the implementation of Sales Tax was differed because the Bill has not yet undergone parliamentary procedures which include second reading, committee stage and third reading.
Ms Mwanakatwe said once passed parliament the bill has to undergo Presidential assent.