Investment Policy Measures

7 results
Zambia

Zambia

01 Jan 2023

Introduces measures to simplify taxation, attract investment in infrastructure, and support agro-processing

The 2023 Budget implemented tax changes from January 1, 2023. Key highlights include: Direct Tax Changes: - Single tax rate of 35% for telecommunication. - Income tax reduced to 25% for gemstone facilities. - Presumptive tax reduced [...]

Zambia

Zambia

10 Nov 2022

Introduces new investment incentives

On November 10, 2022, Zambia officially implemented the Investment Trade and Business Development Act (No. 18 of 2022). This legislation is overseen by the Zambia Development Agency (ZDA) and applies to investors who are venturing [...]

Zambia

Zambia

01 Jan 2022

The Zambia Development Agency (Amendment) Act 2021 provides new incentives for large investments

The Zambia Development Agency Act, 2006 was amended on 30 December 2021 to provide foreign and local investors who invest not less than $500'000 or the equivalent in convertible currency, in a priority sector, incentives as specified [...]

Zambia

Zambia

29 Oct 2021

Reduces the corporate income tax rate and introduces new tax incentives

The Minister of Finance’s 2022 budget address, delivered on October 29 2021, introduced several key changes to the tax regime for investment. Among others, it reduced the general corporate income tax rate from 35% to 30%, extended [...]

Zambia

Zambia

26 Feb 2016

Mining legislation and taxes amended

The Zambian government has lifted a ban on the issuance of new mineral exploration licences and introduced a new mineral royalty tax (MRT), which replaces the fixed rates of 6 per cent for underground mines and 9 per cent tax for open [...]

Zambia

Zambia

21 Dec 2012

New requirements for tax incentives

The Income Tax Act 2012 (amendment) makes it a requirement for tax incentives to be granted that the investors meet their obligations with respect to employment creation for Zambian citizens. [...]

Zambia

Zambia

11 Nov 2011

Removes additional incentives from the Zambia Development Agency Act

The Zambia Budget 2012 has removed the provision to grant additional incentives under Section 58 of the Zambia Development Agency Act for investments worth more than US $10 million. This measure is intended to make the provision of [...]

Number of policy measures per economy (since 01 Jan 2010) 1 95