Kasama Sugar suggests separate sales tax for rural investors
Written by Millennium Radio on May 31, 2019
Kasama Sugar has suggested that government introduces an extra slot on sales tax which will be lower than nine percent as an incentive for companies investing in rural areas.
Kasama Sugar general manager, Derrick Sianga has complained that it is unfair that investors in rural areas have been placed in the same category as those who have easy access to markets in urban areas.
The state has adopted a differentiated sales tax rate of 16 percent on imported finished products and nine percent on locally manufactured products.
Mr Sianga was speaking in Kasama today during a stakeholder’s engagement meeting on sales tax.
Meanwhile, Mr Sianga says over US$30 million has been invested in the company and this has created about 650 jobs.