VAT refund delays worry manufacturers
Published On June 7, 2024 » 338 Views» By Times Reporter » Business, Stories
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. Sagar

THE Zambia Association of Manufacturers (ZAM) says delay in remitting the Value Added Tax (VAT) refunds has been a challenge for the manufacturing industry as it affects cash flow needed for re-investment.
ZAM president Ashu Sagar said the sector was concerned that processing of VAT refunds was taking longer than expected.
He said the delay in VAT refunds was a concern for the manufacturing industry because they depended on them for cash flows to drive growth of the sector.
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