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  • Zambia Tax Incentive Report Download Here! - Ctpd - Ctpd Org

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TAX INCENTIVES IN ZAMBIA An Analysis of the Zambia Development Agency (ZDA) Act REPORT Dr. Rose FumpaMakano1 Dr. Mwilola Imakando2 APRIL 2015 LUSAKA 1 2 Contact: rose.makano gmail.com mwilolaimakando.

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Incentives for Mining Withholding tax on interest, rent, consultancy, royalties and dividends is only 15 percent. The restriction of offsetting losses against profits which is limited to 20 percent for mines with a common owner have been removed so that 100 percent of the losses can be offset.

Taxation in Zambia Residents are taxed on domestic source of income and certain types of foreign income, non-residents are normally taxed on Zambian source of income. Zambia has the following direct taxes: Company Income Tax, Personal Income Tax, Withholding Tax, Presumptive Tax and Property Transfer Tax.

Income from non-traditional exports is taxed at a reduced rate of 15%. However, if the product is from farming or agro processing, the rate is 10%.

The Minister may approve a rebate, refund or remission of the whole or any part of the customs duty paid or payable in respect of : Machinery, equipment and component parts required for the assembly of motor vehicles and trailers by a business enterprise registered by the Zambia Development Agency.

Individual tax incentives are a prominent form of incentive and include deductions, exemptions, and credits. Specific examples include the mortgage interest deduction, individual retirement account, and hybrid tax credit.

Reduced corporate income tax rates at 10% on income from Farming and Agro-processing; and 15% on Income from Non – traditional exports (standard rate 35%). Five year tax holidays on approved priority sector activities (e.g. Manufacturing and Tourism) approved investment under the Zambia Development Agency Act).

Exempt persons In cases where the tenant is either a diplomat, diplomatic mission or any other person who by law is exempt from paying tax, the landlord is mandated to pay the tax on their own.

Incentives for Mining Duty free importation of capital equipment and utility vehicles, capital allowance increased to 100 percent. Input tax claim for five years on pre-production expenditure for exploration companies in the mining sector. Zero rate on mining products for export.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232