Zambia inherited essentially the English colonial legacy of tax legislation. The direct taxes are principally income tax, which operates on a source-based principle. Thus, every person or entity who receives income from a source deemed to be within Zambia will be liable to...
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)...
note: central government tax revenue as a % of GDP comparison ranking: 116 Current account balance -$582.715 million (2023 est.) $1.093 billion (2022 est.) $2.63 billion (2021 est.) note: balance of payments - net trade and primary/secondary income in current dollars comparison ranking: 12...
For cobalt and vanadium, the mineral royalty rate is 8% of the norm value. Additionally, any person in possession of minerals extracted in Zambia, for which mineral royalty has not been paid, is also liable for the tax at the same rates. The Commissioner-General of the Zambia Revenue Autho...