On Monday 20 April 2020, the Minister of Finance announced a waiver of penalties and interest on tax declarations and liabilities. This announcement was in response to the impact of the Corona Virus (“COVID–19”) pandemic on Zambian businesses and the disruptions to life in general.
The Honourable Minister in this regard directed the Commissioner General of the Zambia Revenue Authority (“ZRA”) to issue guidelines on the implementation of this measure for all individuals and businesses, as a way of mitigating the negatives effects that the COVID–19 pandemic caused to taxpayers.
Please take note that this Memorandum is not to be relied upon in making any legal decisions relating to your business as a result of the publication of these guidelines. This Memorandum further does not address the legality of these guidelines and whether they are valid law. Any decisions to be made should be made after seeking professional legal advice relating to the guidelines and their application, which legal advice we are available to provide.
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