Zambia

Zambia

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

01 Jan 2022

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 by or under the Customs and Excise Act or Income Tax Act.

The Act entered into force on 1 January, 2022.