Private sector calls for tax reduction in 2012 budget

Private Sector Management Association Chairperson Yusuf Dodia has urged the Patriotic Front (PF) government to stimulate economic growth by reducing taxation in the 2012 budget.

Dodia told HOT FM that there is need for a change in the way tax is collected from employees to enable them afford basic needs, which is a great challenge at the moment as workers with low salaries are also paying high tax.

He said there is need for a policy that will allow only individuals receiving a salary of K1.3 million and above to remit tax as such will help boost economic growth.

Dodia also appealed to government to ensure it introduces a policy of zero taxation on production equipments being imported into the country so as to motivate Zambians to venture into economic activities and making money to better their lives and bring about financial stability.

He further noted that the hope of every citizen is to see the PF deliver on pronouncements made at the opening of parliament through the budget so the new regime must make sure it lives up to the expectations of the Zambian people.

Share this post