Action Aid Zambia has called on the Zambian Government to consider increasing the property transfer tax to 15 percent from the current 10 percent.

Property transfer tax is paid by the seller when transferring any land, shares in a company incorporated in Zambia or a mining right.

Action Aid Zambia says the government can get revenue from the sale of mining rights saying the ten percent is low.

Action Aid Zambia Country Director Nalucha Ziba tells Money FM News via telephone that her organization is also expecting to see adjusted mineral royalty tax in the 2019 national budget between 5 to 10 percent depending on prices of copper.

Ms Ziba says there is also need for the country to come up with a specialized mining taxation system that will enable the country get the much needed revenue from the mining sector.

“We should also ensure that withholding tax in all tax treaties are in the range of 10 to 15 percent,” Ms Ziba said.

Meanwhile, the Action Aid Zambia Country Director is proposing that the Pay As You Earn (PAYE) is raised to K5, 000 from the current K3, 300.

She feels that the cost of living in Zambia is high and the current PAYE is too low for a country with high taxes like Zambia.