Economy
Status:
inprogress
Promise
Encourage value chain addition and agro-processing
Promise History
Tax Holidays for Cotton Value Chains
According to the Zambia Revenue Authority 2024 BUDGET: Overview of Tax, the Government has provided tax holidays to the cotton value chain as follows:
a) 5-year tax holiday on profit for local producers of cotton seed;
b) 5-year tax holiday on profit from ginning of cotton; and
c) 10-year tax holiday on profit made from spinning of cotton and
weaving of thread. These measures are intended to revitalise the cotton industry value chain. This will support the growth of the manufacturing sector and promote the sector’s backward and forward linkages.
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