AfricaPress-Tanzania: Industrialists are pushing for uniform tax cuts on medical supplies and essential goods across East Africa to cushion businesses as coronavirus ravages the region.
Through their lobby, the East African Business Council (EABC), the manufacturers said reduced taxes will boost production and supply of food as well as medical products amid increased demand.
EABC chief executive director Peter Mathuki said the tax breaks are part of a uniform recovery plan that the lobby proposed to the East Africa Community (EAC) states following restrictions that have pushed manufacturers to either shut down or operate below capacities.
Covid-19 has disrupted production among manufacturers in the region and major raw materials import countries like China, fuelling fears of stock-outs in essential commodities.
The disease has so far claimed 12 lives in Kenya and Tanzania with over 400 infections in the region as at April 12.
“EAC partner states to adopt common fiscal incentives and response measures for the business sectors negatively impacted by the Covid-19 … waive customs duties, Value Added Tax and agree on the equivalence of standards for medical devices and protective equipment from the region and other highly demanded goods,” Mr Mathuki proposed on Sunday.
