Banda clarifies usage of Tourism Levy

Minister of Tourism and Arts Dr. Charles Banda has said the Tourism Levy is not there to finance the private sector.
Speaking when the Tourism Council of Zambia (TCZ) paid a courtesy call on him the Minister says there is no private sector paying the tourism levy but that the clients are paying for utilizing the hospitality services.
Dr. Banda said some people have come to his office saying the private sector is contributing to Tourism Development Fund (TDF).
He said private sector participation means the private players bring their money to the table to be able to participate in the development of the industry.
The Minister said the money raised through the levy has specific areas to cure including research, product development and marketing.
And newly appointed TCZ Chairperson Vincent Mupwaya said the council has pending issues including the service charge and TDF.
He said the council has noted with concern that once Tourism Levy is collected, it is taken straight to Control 99.
The chairperson said members are worried and requested that the Minister could engage with his colleague at Ministry of Finance and see if it could to be catered for separately to assist the private sector with their projects.
He requested the Minister to reconsider attending the council’s quarterly breakfast meetings that touch all the subsectors of the sector where problems are shared and find the solutions to them.


________________________________________
MONEY FM IS ZAMBIA’S FIRST AND ONLY BUSINESS & PERSONAL FINANCE RADIO STATION. WE FOCUS ON BUSINESS AND MONEY-RELATED TOPICS, AS WELL AS GENERAL NEWS AND DISCUSSION OF WIDER SOCIAL TOPICS SUCH AS HEALTH, EDUCATION, FOOD, MUSIC, FITNESS AND MORE
___________________________________________

More From Author

Marketing Like A Prostitute

Ndiili Kunda and Michael Mulusa have an interesting conversation on hands-on marketing with Edwin Ngwane…

Read More

Future-Proofing Your Business Building

News of the Abyssal Wonders discovery has reverberated throughout the scientific community, sparking intense interest…

Read More

Car Enthusiast’s Dream: Exploring High-Performance Models

News of the Abyssal Wonders discovery has reverberated throughout the scientific community, sparking intense interest…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

ZICA calls for recruitment of registered accountants in Councils

Recruitment of registered accountants in local authorities will lead to significant improvements in financial management…

Read More

Electronic Export Proceeds Tracking Framwork receives US$1.4 billion

• Of this amount, only about US$500 million has been reconciled. • There is no…

Read More

ZCSA seizes non-compliant electrical items valued at over K290, 000

Non-compliant electrical products valued at K42,090 were withdrawn from the market and will soon be…

Read More