OVER 29 firms and institutions have made budget submissions on tax and non-tax proposals to be considered for the 2012 National Budget and the 2012 – 2014 Medium Term Expenditure Framework (MTEF).
The Ministry of Finance and National Planning closed the deadline for proposals on July 31, 2011.
Public relations officer Chileshe Kandeta said all submissions received from institutions, including several from individual citizens, will now be scrutinised by a tax policy review committee which has been constituted to come up with the best tax and non-tax revenue measures for the 2012 Budget and the 2012 – 2014 MTEF.
Among the institutions that have made submissions include the Zambia Revenue Authority, Gourock Industries, Harrison & Associates, Leasing Finance Company, CARITAS Zambia, RDM Scientific Products, Mokondo Engineering Enterprise, Africa Carbon Credit Exchange, Zambia National Farmers Union, Airtel Zambia, Zambia Pharmaceutical Business Forum, Greenbelt Fertilisers and CAMCO Equipment.
Others are the Zambia Association of Chambers of Commerce and Industry, Zambian Breweries, Manzi Valley, Swan Dry Cleaners, Moores Rowland, Miengwe Farms, Dangote Industries, Lafarge Cement, Tourism Association of Zambia, Livingstone Tourism Association, Zambia Association of Pension Funds, National Institute of Public Administration [NIPA], British American Tobacco, First Quantum Minerals Limited through its Kansanshi Mining plc and the Bankers Association of Zambia.
Mr Kandeta thanked all individuals and institutions that have made submissions for playing a direct role in contributing to the attainment of the objectives of the Sixth National Development Plan (SNDP) and the Vision 2030.
In April 2011, the ministry opened a three months consultation window to ensure that all citizens and other stakeholders were given a fair chance to fully participate in the 2012 National Budget formulation process.
[Zambia Daily Mail]
Publish the submissions to stimulate debate
What about PF? They seem to have a lot of ideas on taxation. Or they don’t believe in team work?
That is a great news and I concur with #1 suggestion on publishing the submissions to stimulate debate.