TV levy up, tax holiday terminated

GOVERNMENT has proposed an increase of television levy from the K3 to K5 per month whose collection will no longer be done through electricity bills.

And Government has suggested the discontinuation of the five-year income tax holidays facilitated through the Zambia Development Agency (ZDA).
Presenting revenue and non-tax revenue measures in the 2018 national budget yesterday, Minister of Finance Felix Mutati also proposed an excise duty of K2 per 50kg of cement to assist in mobilising funds for the Infrastructure Development Fund.

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