By Chisomo Phiri
The Malawi Confederation of Chambers of Commerce 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 the government can put tax at 3 percent from the current 50 percent, many unemployed youths can have the opportunity to be employed thereby, contributing to the growth of the country’s economy.
At the meeting, the MCCCI boss also asked the government to ban the importation of motor vehicles older than 10 years as they consume a lot of spare parts which are among the top 10 imports.