August 2, 2019 / 2:31 PM / 18 days ago

Zambia finance minister says to delay sales tax until January

LUSAKA, Aug 2 (Reuters) - Zambia will delay the implementation of a new sales tax until January 2020 to allow for further refinement of the law, Finance Minister Bwalya Ng’andu said on Friday.

Zambia, Africa’s second-largest copper producer, plans to replace the existing Value Added Tax (VAT) with a non-refundable sales tax, but the move has met substantial opposition from businesses. (Reporting by Chris Mfula; Editing by Emma Rumney and by Alison Williams)

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