The report of Zambia’s inspector of taxes in 1972–73 quotes the cost of the reduced withholding tax rates in treaties in force at that time, expressed as refunds to taxpayers from the domestic law rate. “An increase in claims for refunds is expected,” it notes, “but no estimate of...
respectively. The withholding tax on the supply of services is not the final tax as Value Added Tax is also chargeable on the provision of services.
The Mines and Minerals (Amendment) Act, No. 29 of 2022 designates particular rates for Mineral Royalty Taxes applicable in incremental value as follows: 4% of the norm value when the norm price of Copper is less than USD 4,000 per ton; 6.5% of the norm value when the norm price of C...