THE International Monetary Fund (IMF) says the VAT hike in the 2027 National Budget will raise revenue. Meanwhile, IMF adds that economic stabilisation remained a necessary condition for the IMF programme. In the 2027 National Budget, government proposed to increase VAT from 16 percent to 16.5 percent. Speaking during a ZIPAR panel discussion, Thursday, IMF Resident Representative to Zambia Reginald Darius said there was need to improve compliance and strengthen the administration of VAT. “What we see in terms of the fiscal outlook for Zambia is that it is important that domestic revenue mobilization is the main financing source for the budget. We see revenue mobilization. There are two aspects to it: one, the focus on broadening the tax base,...