By Chisomo Phiri
The Malawi Confederation of Chambers of Commence and Industry (MCCCI) has appealed to the Ministry of Finance to consider the reduction of tax on alcohol that has less than 15 percent alcoholic percentage.
Speaking during a pre-budget consultation meeting held in Blantyre on Monday January 9,2023, MCCCI Chief Executive Director Chancellor Kaferapanjira said alcohol manufacturing companies are employing many people in the country especially the youth.
” Let’s consider the reduction of taxes these alcohol manufacturing companies are paying. They should be reduced so as for them to continue their businesses, ” he appealed.
Kaferapanjira said if government can put tax at 3 percent from the current 50 percent, many unemployed youth can have opportunity to be employed thereby, contributing to the growth of the county’s economy.
At the meeting, the MCCCI boss also asked government to ban importation of motor vehicles older than 10 years as they consume a lot of spare parts which are among top 10 imports.
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