BUSINESS OPERATORS BEMOAN MOBILE MONEY TAX
Traders at Regional Trade Village in Lusaka have charged that the introduction of a levy on person-to-person mobile money transactions will affect their business.
Mathews Kababula says the levy has the potential to slow down business as customers will shy away from the high cost of transactions.
Effective 1st January 2024, the 2024 National Budget provides for a levy between 8 ngwee and one kwacha eighty ngwee on person-to-person mobile money transactions.
Credit: Diamond TV
In a business world were people are provided with opportunities to do business tax is a must. Off course the tax has to be calculated on the basis of the profits they generate. How else would expect the government to raise it’s money for development? All ordinary Zambian workers pay tax. If the mobile money business doesn’t make money, then why are people still doing it. If it brings in income through selling of services to the public then they are eligible to pay tax.