The Centre for Trade Policy and Development is worried that the lack of information to the business community would have serious repercussions.
Executive director Isaac Mwaipopo said the situation had potential to impede economic growth and stability.
“Silence on the part of government to communicate such important economic policy changes to the business community in due time in order to allow for prudent business planning may impact negatively on business and the economy at large,” he stated.
Mwaipopo stated that the country risked experiencing a significant reduction in private investment, foreign direct investment and economic growth if economic agents were not well informed on key policies.
He has since asked government to publish guidelines on Sales Tax implementation, stating that with only a few days to implementation, there is very little knowledge shared.
Mwaipopo stated that Civil Society Organizations had cautioned against such situations because policy direction needed adequate time for preparation.