PAYING tax means you must lose money just like contributing for a funeral at home, says Finance Minister Dr Situmbeko Musokotwane. Dr Musokotwane says Zambia’s maize stocks are enough to feed the nation up to the 2028 harvest. Meanwhile, Dr Musokotwane has warned Zambians to be wary of people promising a good life without explaining how they will grow the economy. During the 2027 budget presentation, Dr Musokotwane proposed increasing VAT from 16 to 16.5 percent and introduced a 39.5 percent PAYE rate on monthly income above K37,000. He also proposed increasing Corporate Income Tax rates by five percentage points on all income currently taxed at 20 percent and below. He further proposed an increase on customs duty on ceramic...