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GST concept paper will be circulated for public analysis – Mwanakatwe

FINANCE minister Margaret Mwanakatwe says after completion of the drafting process, the Goods and Services Tax [GST] Concept Paper will be circulated widely for public analysis.

 

In a statement yesterday, finance ministry spokesperson Chileshe Kandeta said the feedback on the Services Tax [GST] Concept Paper would also be circulated before the final design of the proposed measure is presented to Parliament in form of legislation, for debate and consideration.

 

He said during the Ministry of Finance visioning and milestone setting seminar on economic policy, fiscal affairs and financial management, held a few days ago at the ministry’s headquarters in Lusaka, Mwanakatwe directed the Budget and Economic Affairs Division to continue overseeing the policy engagement and consultation process with stakeholders in order to finalise the concept paper and draft legislation for the Goods and Services Tax, “in readiness for implementation with effect from, 1st April, 2019.”

She also affirmed that President Edgar Lungu had given strict instructions on prudential financial management and austerity measures to ensure that public resources were properly utilised and accounted for so that Zambians benefitted from the government’s developmental programmes and service delivery initiatives.

“We have also developed a monitoring dashboard for implementation of austerity measures so that we track the efforts that are being taken by all public entities in complying with the presidential guidance,” said Mwanakatwe.

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