Introduce tax holidays for SMEs – ZACCI

ZAMBIA Chamber of Commerce and Industry (ZACCI) has called on Government to consider introducing a two-year tax holiday for local small and medium enterprises (SMEs) to effectively contribute to national development.
Currently, developed countries like Germany are driven by SMEs and are the major contributors to employment.
The chamber says the tax holiday will allow SMEs to reinvest their profits and grow their businesses as well as contribute to employment creation.
“We propose that Government introduces a tax holiday for two years for local SMEs that invest in priority sectors, especially those involved in value addition in the 2019 national budget

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