Luapula Chamber of Commerce and Industry president, Emmanuel Munsanje, has described as double taxation payment of toll fees as well as road tax among other road fees.
Munsanje in an interview on Friday with Zambia Monitor said the government should in the 2024 national budget consider scrapping off road tax.
“It is double taxation paying toll fees and road tax, the government should consider doing away with the road tax to reduce the cost of doing business in the country and stimulate business growth,” he said.
Munsanje said the cost of doing business in the country was due to multiplication of taxes and statutory fees, hence the need for the government to make adjustments to provide relief to the business community.
He also said the government should look at reducing corporate tax from around 30 percent to about 15 percent for Small and Medium Enterprises (SMEs) to boost business growth.
“The government should also look at reducing corporate tax to 15 percent from the 30 percent to help SMEs cope with the current harsh environment and this will return increase compliance,” Munsanje stated.
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