Companies are generally taxed at a corporate rate of 30% on profits. However, companies operating in certain sectors have a different corporate tax rate. Income from farming and agro-processing is taxed at 10% and income from other non-traditional exports is taxed at 15%. Telecommunications comp...
Zambia needs to improve tax collection and ensure the mining industry operates for the benefit of the economy to achieve sustainable debt levels.
Zambian President Kakainde Hichilema The Zambia External Bondholder Steering Committee announced on 26 October 2023 that it has reached an agreement-in-principle with the Government of Zambia on a restructuring of the country's $750 million notes (5.375 percent yield)...
there is a corporate income tax charged at the rate of 30% to companies conducting mining operations pursuant to the Income Tax Act. Secondly, there is a limitation on the deduction of losses to 50% of taxable income. Withholding tax on dividends declared by a company carrying...