Agriculture stakeholders advocate for tax exemptions

By Staff Reporter

Some stakeholders in the agricultural sector have appealed to government to broaden tax exemption on agricultural products as it introduces the Goods and Services Tax (GST).

Global Industries Executive Director Aubrey Chibumba said the GST introduction would have a ripple effect on the agriculture sector if it is not properly implemented.

GST is a tax that has been introduced to replace the Value Added Tax (VAT) effective in April.

Chibumba has called on government to reduce taxes on the locally produced goods to meet the Seventh National Development Plan (SNDP) agenda of industrialization, job creation and alleviating rural poverty.

He said this during a consultative meeting on the proposed products for GST exemption organized by the Ministry of Finance in Lusaka.

And Zambia Cotton Ginners Association Chairperson Emmanuel Mbewe proposed to government to maintain the Tax exemption on Agro-chemicals and sprayers.

Meanwhile, Grain Traders Association of Zambia representative Chris Morris appealed to government not to raise taxes on farming inputs stressing that it can affect prices of mealie-meal.