The East African Business Council or EABC recommended to Partner States to consider coordinated approach for free movement of cargo within and out to mitigate the impact of COVID-19 in the region.
It urged EAC Partner States to allocate enough funds to cater for outstanding value added tax refunds and domestic debts.
EABC called on regional Central banks to lower rate and extend lending facility to commercial banks (Releasing special fund and reduce the corporate tax rate to 20 percent.
It said the EAC Partner States need to consider granting an extension to businesses in filing their tax returns.
EABC said EAC Partner State should allow free movement of goods across borders. And remove all other charges of equivalent effects for imports of raw materials, capital goods, intermediate goods and essential goods.
It advised the EAC Partner States to reduce the standard Value Added Tax rate to at least 12% during the COVID-19 period and remove employment taxes.