On 26 April 2024, the Government of the Republic of Zambia through the Ministry of Finance and National Planning issued a Treasury and Financial Management Circular No. 12 of 2024, announcing an amendment to the Fees and Fines (Fee and Penalty Unit Value) Regulations, 2014. The key changes are as follows:
a. The unit values of both the Fee Unit and Penalty Unit have been increased from Thirty Ngwee to Forty Ngwee as per the approval of the Cabinet at its 5th Meeting held on 18 March 2024.
b. The amendment has been formalized through Statutory Instrument No. 25 of 2024, published on 19 April 2024, reflecting the increase in the Fee Unit and Penalty Unit values.
Based on the above, where an Act of Parliament or Regulation imposes a fee or penalty expressed in fee units, such fees or penalties must be converted into Kwacha when receipting revenue using the new value of the fee unit and penalty unit (i.e., Forty Ngwee). For instance, a service previously charged at 5,000 fee units (which was previously translating to ZMW1,500.00) will now cost ZMW2,000 (5,000 fee units x ZMW0.40).
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