Zambia – Tax proposals in 2014 budget

October 16: Zambia’s 2014 national budget was presented on Friday 11 October 2013.

Among the proposed tax changes contained in the budget are measures that would:

  • Introduce a 15% withholding tax on branch profits repatriation (i.e., a 15% withholding tax on profit distributions by Zambian branches to their foreign head offices)
  • Introduce a 0.2% service charge on money transfers to recipients (either inside or outside Zambia)

Read an October 2013 report prepared by the KPMG member firm in Zambia: 2014 Zambia NationalBudget Highlights

Source: KPMG

Global Mobility Jobs

Advertise Here