Home » News » Business » Parliament Approves Amendment of Value Added Tax Act

Parliament Approves Amendment of Value Added Tax Act

Publishing Date : 22 December, 2014

Author :

Minister of Finance and Development Planning, Kenneth Matambo


Parliament has approved the amendment of the Value Added Tax Act to include some basic commodities left behind during the past revision of the law.


According to Minister of Finance and Development Planning, Kenneth Matambo; brown bread, vegetables, fruits, as well as rice, samp, milk and bread flour are some of the basic commodities to be included in the amendment.


The amendment is expected to reduce food items prices therefore improving the quality of life of families.

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