Mining Local Content SI
According to a recent report commissioned by the African Development Bank (Lombe, 2019), the Zambian Mining industry consumed an estimated $2.4bn worth of selected goods and services in 2017. Locally manufactured goods and resident service provision only accounted for 10.6% of total purchases. Goods and services procured from Zambian owned […]
Sales Tax Shelved
In August, ZACCI in collaboration with the Zambia association of manufacturers and private sector alliance held a meeting with the minister of finance and other professional to discuss the possible implications of Sales Tax. The team put forth a compelling case to keep VAT. On Friday 27th, Finance Minister Bwalya […]
ZACCI lobbies successful adoption of sovereign wealth fund
In April 2019, ZACCI appeared before the parliament committee on parastatals and proposed a sovereign wealth fund model for ZCCM-IH. On 26 July 2019, the committee adopted the recommendation for the third session of the twelfth national assembly. ZACCI will continue to be the voice of business that contributes to […]
Sales Tax will be implemented in January 2020
Finance Minister Dr. Bwalya Ng’andu this afternoon moved a motion in Parliament to withdraw the Sales Tax Bill (N.A.B Number 7 of 2019) from the current sitting of Parliament. The Sales Tax Bill will be reintroduced during the Budget Session of Parliament. Addressing the House through the Speaker, Dr Ngandu […]
ZACCI JOURNAL APRIL 2019
The Latest ZACCI Journal is out! The theme “high advocacy drive” echoes the current momentum as ZACCI goes into overdrive in advocating for Zambian Business.Foreword from ZACCI President I would like to begin by thanking all our members, cooperating partners, the Ministry of Commerce, Trade and Industry as well as […]
Consideration of the Sales Tax Bill N.A.B 7, 2019
The Sales Tax Bill has been referred to the Joint committee comprising the Budget Committee and the Committee on National, Economy, Trade and Labour Matters for scrutiny. As Part of the Consultative Process, the Committee resolved to request ZACCI to submit copies of memorandum on the ramifications of the Bill. […]
President Lungu meets ZACCI and continues all-embracing consultations
President Edgar Lungu, Minister of Commerce, Trade and Industry Christopher Yaluma met Zambia Chamber of Commerce and Industry (ZACCI) vice-president – Industry and manufacturing Professor Pinalo Chifwanakeni and board member Laurian Haangala during a meeting at State House in Lusaka. PRESIDENT Edgar Lungu will continue consulting various stakeholders for their […]
ZACCI Lobbies Revocation of Accountants SI 34
In April 2018, the Government issued a statutory instrument (Accountants [Client Fees] Regulations, 2018 [Statutory Instrument Number 34 of 2018]) to regulate the fees charged by accountants to micro, small, medium, and large organisations. Recognising the impact of such regulation on Business, ZACCI advocated on behalf of the business community […]