Following the presentation of the 2018 National Budget, ZAM was called to present its analysis of the 2018 National Budget to the Expanded Parliamentary Committee on Estimates. The analysis included clarifications and submissions on the following measures;
- Restructuring of Investment Incentives: Government to discontinue the 5-year income tax holidays and substitute them with accelerated depreciation for capital expenditures by qualifying investments in priority sectors.
- Taxing of Cement Sector: Government to introduce an excise duty of K2 per 50 kg of cement.
- Regulation of Alcohol Manufacturers (Spirits): Government to introduce registration of all importers of methylated spirit and denatured alcohol.
- Amendments to the Surtax List and Schedule: Government to increase the number of items to which the surtax applies and remove some items that were erroneously put on the surtax schedule.
- Adjustments to Electricity Tariffs: Government will in 2018 finalize the cost of service study whose results will provide a basis for future adjustments to electricity tariffs.
ZAM will continue to lobby for enhanced outcomes for the Zambian manufacturing sector.
