The legal landscape governing taxation in Zambia has undergone significant transformations following the 2023 Budget Address to the National Assembly of Zambia (the “Budget Address”) delivered on 30 September 2023 by the Minister of Finance and National Planning (the “Minister”). Effective 1 January 2024, the following Acts ushered in various regulatory changes.
(a) The Value Added Tax (Amendment) Act No. 27 of 2023;
(b) The Income Tax (Amendment) Act No. 22 of 2023;
(c) The Customs and Excise (Amendment) Act No. 25 of 2023;
(d) The Zambia Revenue Authority (Amendment) Act No. 26 of 2023; and
(e) The Mobile Money Transaction Act No. 16 of 2023.
