EXPERTS MEET TO DISCUSS SME TAX REGIME

Informal sector taxation is top of the agenda as experts, from selected African countries, meet in the Zambian capital, Lusaka, at a 3-day symposium.

African tax experts are set to discuss critical factors, surrounding the design of a specific tax regime for small and medium Enterprise -SMEs-sector, which makes up the majority of African economies.

Among the experts are those from Ghana, Rwanda, Kenya, Nigeria, Zambia and South Africa, countries, which share common SME taxation challenges.

And Zambia Revenue Authority Commissioner-General, Berlin Msiska has noted that the symposium will devise tools for understanding particular sectoral strategies for effectively taxing SMEs.

Msiska was speaking at the official opening of the symposium.

Since 2011, Zambia has piloted a consultancy study on SMEs taxation, with support from the German government.

The study has operated under what is called the Domestic Resource Mobilisation mechanism, which is aimed at enhancing tax administration.