Dangote Cement says new sales tax will lead to losses

Dangote Cement says new sales tax will lead to losses

Dangote Cement Zambia Limited sales it will also incur losses and reduction in its profit once Government implements the controversial sales tax.

Dangote Zambia chief executive officer Albert Corcos says once the sales tax is implemented, his company with seek ways of reducing production costs and this is likely to mean reducing labour force among other measures.

The PF regime is in the process of imposing a different form of tax called sales tax to replace the well known and easy to undershirt VAT. The imposition of sales tax has been rejected by most stakeholders including the silent majority within PF leading to the ministry of Finance postpone its implementation for three times.

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