Finance Minister Margaret Mwanakatwe says the Tax Policy Review Committee will be reconstituted and appointed to deal with technical issues related to tax implementation matters raised by the public.
This follows some concerns raised by the Zambia Chambers of Mines with regards the changes made to the mining tax system for 2019.
Mrs. Mwanakatwe has also acknowledged receipt of letters from some stakeholders, and the Chamber, seeking clarification on the new tax regime.
She says her ministry remains open to dialogue with mining companies that are willing to amicably discuss the transition to the new mining tax regime, implementation of the sales tax and other fiscal and economic affairs, and future business cooperation matters.
“In view of the foregoing and in respect of our own plan to ensure a smooth transition, the Tax Policy Review Committee will be reconstituted and appointed to deal with technical issues related to tax implementation matters raised by the public,” states Mrs. Mwanakatwe.
The Finance Minister has also advised that consultations on sales tax policy implementation will be wide and extensive before commencement in April 2019.