Sales Tax Deadline Moved to September

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Finance Minister Margaret Mwanakatwe has for the second time deferred implementation of sale tax from 1st July, 2019 to 1st September, 2019, almost a month before presentation of the 2020 national budget. And Mwanakatwe has indicated that had the sales tax been enforced from 1st July, 2019 government would have raked in over 7.1 billion kwacha in revenue collection. Delivering a Ministerial statement in parliament this morning Mwanakatwe explained that the shift was procedural as she has to hold a workshop with lawmakers next Thursday.

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