Zambia crocodile industry face bleak future due to export tax

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crocodile
crocodile

Zambia’s crocodile industry faces a bleak future following the government’s decision to impose a 10 percent export duty this year, an industry body has said.

The Zambian Crocodile Farmers Association said the industry faces imminent close because of the export duty tax.

“Two farming operations are closing, with another two planning to follow. The situation is dire. Farmers need this revenue from sales to run their farms, and the nation needs the foreign exchange we generate from these exports, but this tax is on the verge of killing the industry,” Johann Jordan, the association’s chairman said in a release.

In 2018, Zambia exported about 31,685 farmed crocodile skins but projections show that this will be reduced to about 22,000 skins this year, down by almost a third, he added.

The official noted that since the export duty was introduced in January this year, crocodile farmers have paid 350, 000 dollars on skins exported, a situation that has sucked out all the liquidity from the industry. Enditem

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