By HELEN ZULU –
THE Government will exempt exports from Sales Tax to make them competitive and earn the country foreign exchange.
And Government has assured that it will pay off all outstanding legitimate Value-Added Tax refunds once reconciliation is concluded.
Finance minister Margaret Mwanakatwe said in order to address the effects of cascading associated with sales tax; exemptions had been provided on capital goods, basic foods items, and essential goods and services in the health, education and water sectors.
Ms Mwanakatwe said exemptions and selected inputs into production in priority sectors identified in the revised Seventh National Development Plan namely agriculture, manufacturing, mining and tourism had also been provided to ensure that the cost of production was low.