{"id":36070,"date":"2019-08-03T16:28:59","date_gmt":"2019-08-03T08:28:59","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=36070"},"modified":"2019-08-03T16:29:01","modified_gmt":"2019-08-03T08:29:01","slug":"zambia-delays-new-sales-tax-until-january-2020","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=36070","title":{"rendered":"Zambia delays new sales tax until January 2020"},"content":{"rendered":"\n<p>LUSAKA, Aug 3 (NNN-AFRICANEWS) &#8212; Zambia will delay implementing a new sales tax until January 2020 to allow for further refinement of the law, Finance Minister Bwalya Ng\u2019andu said.<br><br>Zambia, Africa\u2019s second-largest copper producer, plans to replace an existing value-added tax with a non-refundable sales tax, but the move has met substantial opposition from businesses.<br><br>Addressing parliament on Friday, Ng\u2019andu said he was withdrawing the draft law and would re-introduce it in the next session in September, the ministry of finance said in a statement.<br><br>\u201cThis will allow for sufficient time to address the concerns in the Sales Tax Bill that stakeholders raised,\u201d Ng\u2019andu said.<br><br>Zambia\u2019s mining industry fiercely opposes the tax \u2013 just one sore point between the government and the economy\u2019s most important sector.<br><br>Since being appointed last month, Ng\u2019andu has sought to mend fences with the miners, with relations deteriorating following tax changes and an ownership dispute over Konkola Copper Mines.<br><br>The across-the-board 9% tax on sales of goods and services, originally due to be introduced in April, was intended to help rebalance Zambia\u2019s debt-laden economy. &#8212; NNN-AFRICANEWS<strong>:<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LUSAKA, Aug 3 (NNN-AFRICANEWS) &#8212; Zambia will delay implementing a new sales tax until January 2020 to allow for further refinement of the law, Finance Minister Bwalya Ng\u2019andu said. Zambia, Africa\u2019s second-largest copper producer, plans to replace an existing value-added tax with a non-refundable sales tax, but the move has met substantial opposition from businesses. [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[213],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/36070"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36070"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/36070\/revisions"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36070"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}