Investment Policy Monitor
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the quarterly Investment Policy Monitor (since 2009) and the UNCTAD-OECD Reports on G20 Measures.
In 2011, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2000 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for growth and development.
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Note: the policy measures are identified through a systematic review of government and business intelligence sources. Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
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- Zambia - Reduces the corporate income tax rate and introduces new tax incentives
Zambia
Reduces the corporate income tax rate and introduces new tax incentives
29 Oct 2021The 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 the 15% corporate income tax rate for hotels’ income from lodging and food services through 2022; introduced a 20% withholding tax on reinsurance placed with non-Zambian firms and made the mineral royalty levy deductible for corporate income tax purposes.
In addition, in order to revamp multi-facility zones, the new budget provided for a 10 years tax exemption on dividends declared on profits made on exports by companies operating in a Multi Facility Economic Zone or Industrial Park, under the Zambia Development Agency Act No. 11 of 2006. For years 11 to 13, only 50% of profits should be taxed and 75% of profits for years 14 and 15.
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Type:
- Treatment and operation (Corporate taxation)
- Promotion and facilitation (Investment incentives, Special economic zones)
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Industry:
- Not industry specific
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Sources:
- ZRA, Zambia 2022-Budget-Highlights, https://www.zra.org.zm/wp-content/uploads/2021/11/2022-Budget-Highlights.pdf, 05 Nov 2021
- MNETax, Zambian budget 2022 includes corporate income tax, transfer pricing changes, https://mnetax.com/zambian-budget-2022-includes-corporate-income-tax-transfer-pricing-changes-46355, 03 Dec 2021
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the quarterly Investment Policy Monitor (since 2009) and the UNCTAD-OECD Reports on G20 Measures.
In 2011, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2000 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for growth and development.
-
Note: the policy measures are identified through a systematic review of government and business intelligence sources. Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.