Zambia

Zambia

Reduction of corporate tax rate for banks

11 Nov 2012

In its Budget 2012, Zambia reduced the corporate tax rate for banks and taxes on all income earned by banks to 35 percent.

Nature of measure:
  • Incentives
Type:
  • Treatment and operation (Other)
Industry:
  • Services (Financial and insurance activities)
Inward FDI:
No
Outward FDI:
No
Sources: