JCTR WELCOMES GOVERNMENT’S DECISION TO REDUCE THE COMPANY INCOME TAX

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JCTR WELCOMES GOVERNMENT’S DECISION TO REDUCE THE COMPANY INCOME TAX

JCTR

 

By Mwenya Mofya

 

The Jesuit Centre for theological reflection-JCTR says Government’s decision to reduce the company income tax from 35 percent to 15 percent is only likely to have a positive impact on the economy in the long term.

 

In the 2019 budget, Government revealed that it will reduce the company income tax from 35 percent to 15 percent aimed at ensuring enhanced production and creating more job opportunities.

 

 

JCTR Policy Analyst Innocent Ndashe says the move to reduce company income tax is commendable but will require citizens to be patient as the results will not be instant.

 

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