The Business Guru

04/10/2022

ZRA announces Tax Amnesty

ZRA has announced a Tax Amnesty project, an opportunity for taxpayers to pay principal taxes in exchange for relief from paying penalties and interest. The following shows which tax types qualify for Penalty & Interest waiver, and what exclusions exist The amnesty period has commenced, but applicati...

02/09/2022

ZRA publishes requirements to comply with the Zero rating of export sales

The export of goods from Zambia is zero-rated for VAT purposes subject to certain conditions being met. Failure to meet these conditions may result in such goods being standard rated. Further, for goods to qualify for exports, the goods must be sold direct to a business abroad by or on behalf of the...

28/02/2022

The ERB - Energy Regulation Board, has today announced petroleum price increases of K2.12 / Litre for Petrol and K2.61 / Litre for Diesel. This was shared in a Press Statement release dated 28 February 2022 A copy of the Press Release can be viewed here >

11/01/2022

Compliant VAT Invoices On 4th November 2021, ZRA issued a Public Notice reminding VAT registered companies that they had until 31 December 2021 to ensure that their VAT invoices issued, are compliant with ZRA Regulations, specifically for the inclusion of Client TPIN numbers. There is a good likelih...

10/01/2022

Does your business need a Business Plan for 2022? Your reason might be that you are securing finance funding for your business, and a business plan is needed to support your application. Or perhaps you are emerging from the Covid business challenges of the past two years and your management team nee...

10/01/2022

01/11/2021

The 2022 Zambia Budget is out, and important highlights and key tax changes have been included in an Overview of Tax Changes report issued by ZRA. to download the Report

14/06/2021

Check if your company is PACRA compliant, or is earmarked for de-registration by PACRA.

PACRA has earmarked for deregistration companies and business names that are not compliant with the filing of annual returns. Business entities had up to 30th May 2021 to normalize their status, after which the registrar has indicated they will commence the deregistration exercise. to v...

30/05/2021

ZRA Customs have now formalized the procedure for Importers and Exporters to appoint their approved Customs Agents. Historically this could be done by way of notification letter to ZRA, but the system still had flaws in enforcing compliance. Now, Taxpayers can log in to their Customs Portal, and sel...

26/05/2021

Copper prices have doubled in recent times, reaching $10,762 a metric ton earlier this month. Other commodity prices have also rocketed. Whilst this bodes well for the Zambian mining industry specifically, global miners just aren’t throwing cash at new projects, raising concerns about future short...