To alleviate the burden of high living costs in Zambia, experts are urging the government to take action by reducing the Pay-As-You-Earn (PAYE) and Value Added Tax (VAT). Richard Silumbe, leader of the Opposition Leadership Movement, has suggested that such measures could help ease the financial strain on citizens. By lowering these taxes, individuals and families may be able to better manage their expenses and improve their overall quality of life.
According to Dr. Silumbe, experts are urging the government to reduce PAYE and VAT in order to alleviate the burden of the high cost of living. The current high taxes are seen as excessive and unnecessary, and are believed to be contributing to the financial strain experienced by many individuals and families. By reducing these taxes, the hope is that people will have more disposable income and be better able to afford their basic needs.
In order to alleviate the financial burden on citizens, experts are urging the government to reduce both PAYE and VAT. The current PAYE rate of 35% for those earning up to k5,000 has been singled out by the President of the Leadership Movement as a particularly heavy tax on the people. By lowering these taxes, the hope is that the cost of living will become more manageable for individuals and families.
Experts are urging the government to take action to ease the burden of high living costs on its citizens. One suggestion is to reduce the PAYE (Pay As You Earn) and VAT (Value Added Tax) taxes. According to Dr. Silumbe, the pressure for an IMF rescue plan may have contributed to the high taxes, but it is important for the government to prioritize the needs of its people. By reducing these taxes, the government can help alleviate the financial strain on its citizens and improve their overall quality of life.
In order to ease the burden of the cost of living, experts are urging the government to consider reducing PAYE and VAT. While some suggest bringing in money from foreign investors who currently enjoy tax breaks, others believe that reducing these taxes would have a more immediate impact on the daily lives of citizens. Ultimately, the government will need to weigh the potential benefits and drawbacks of each approach in order to make the best decision for the country.
