Q FM Africa's Modern Radio
Former Finance Minister Katele Kalumba
Former Finance Minister Katele Kalumba has bemoaned the failure by government to design a taxation mechanism that allows it to tap in the informal sector.
Dr. Kalumba has noted that the informal sector in Zambia has grown to be able to reduce the pressure of the tax burden on the middle class.
In an interview with QTV News, Dr. Kalumba notes that the middle class is currently burdened with taxation.
He says the opportunity that the growth of the informal sector presents for tax relief to the middle class calls for change in the taxation mechanism.
He has since urged the Zambia Revenue Authority (ZRA) and other stakeholders to come up with ideas of how the government can tax the informal sector.
Dr. Kalumba states that the fact that the informal sector is growing at a fast rate is an indication that there is money in this sector.