LIMITED TIME FRAME ACCORDED TO STAKEHOLDERS TO SCRUTINISING THE GOODS AND SERVICE TAX WORRIES AN OPPOSITION PARTY LEADER

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LIMITED TIME FRAME ACCORDED TO STAKEHOLDERS TO SCRUTINISING THE GOODS AND SERVICE TAX WORRIES AN OPPOSITION PARTY LEADER

PS

 

By Mwenya Mofya

 

 

The Opposition Green Party has noted with concern that the limited timeframe accorded to stakeholders to scrutinize the goods and services tax bill may affect its implementation.

 

Finance Minister Margaret Mwanakatwe has revealed that they have completed the draft legal framework of goods and services tax which is yet to be approved by cabinet before the end of this month and will come into effect on 1st April 2019.

 

Speaking in an interview with 5fm news, Party Leader Peter Sinkamba says the legislative process of the goods and services tax should have begun before the 2019 budget presentation so as to allow a diverse range of recommendations from stakeholders.

 

Last year, the government announced that it will abolish the value-added tax and replace it with a non-refundable sales tax in April 2019, a move likely to help the government to boost revenue collection and bring down mounting debt.

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