Vencentric Entrepreneurial Consult Zambia

21/08/2026

Goodmorning 🙂 from Vencentric Entrepreneurial Consult Zambia .

Management Consultants
Compliance Experts
Bookkeeping
Tax Advisory
Sales Agents

20/08/2026

📢FREE SERVICE ALERT! Vencentric Entrepreneurial Consult Zambia

📢FREE SERVICE ALERT!

(1) REGISTER YOUR PERSONAL TPIN FOR FREE!

(2) REGISTER YOUR BUSINESS TRADING NAME WITH Zambia Revenue Authority & REGISTER FOR TURNOVER OR INCOME TAX FOR FREE!

Like, Follow and Message Vencentric Entrepreneurial Consult Zambia your request for a Individual TPIN.

20/08/2026

📢FREE SERVICE ALERT!

(1) REGISTER YOUR PERSONAL TPIN FOR FREE!

(2) REGISTER YOUR BUSINESS TRADING NAME WITH Zambia Revenue Authority & REGISTER FOR TURNOVER OR INCOME TAX FOR FREE!

Like, Follow and Message Vencentric Entrepreneurial Consult Zambia your request for a Individual TPIN.

18/08/2026

Your Excellency, the President Elect 2026, of the Republic of Zambia Mr. Hakainde Hichilema , the Staff and Management at Vencentric Entrepreneurial Consult Zambia send you a warm congratulatory greeting in view of your 5 year term after winning the 2026 General Elections 🇿🇲.

17/08/2026

📢📢 (1) An enhanced VAT filing process (2) Tomorrow is VAT return and payment due date

15/08/2026

NOW THAT'$ A DEAL 🤏🏿🇿🇲 LIMITED SPACE!

When you Sign Up for our annual Bookkeeping package ; you get FREE PACRA, ZRA, NAPSA, WCOMP, NHIMA, ZPPA Management.

Enquire on T's & C's:

Whatsapp: +26 0762 527 663
Email: [email protected]
Vencentric Entrepreneurial Consult Zambia

13/08/2026

Turnover Tax vs. VAT in Zambia:

Turnover Tax (TOT) and Value Added Tax (VAT) are mutually exclusive by law under the Zambia Revenue Authority (ZRA) guidelines. The two serve entirely different legislative purposes, treat business expenses differently, and are divided by a strict revenue threshold.

The legal and structure of the two tax types:

📊 1. Different Tax Definitions

Turnover Tax is an Income Tax Replacement: It is a direct tax on a small business's earnings. It is charged at 5% on gross sales, meaning it replaces standard Corporate Income Tax for micro and small enterprises.

VAT is a Consumption Tax: It is an indirect tax charged at 16% on goods and services. The ultimate economic burden is borne by the final consumer, while the business acts merely as a collection agent for the ZRA.

🛑 2. Handling of Expenses and Invoices

No Input Clams under TOT: Turnover Tax is calculated strictly on gross sales revenue. Businesses on TOT cannot claim back tax on business expenses, rent, or raw materials.

Input Tax Credits under VAT: VAT-registered businesses can offset the VAT they pay on purchases (Input VAT) against the VAT they collect on sales (Output VAT). Mixing both regimes would create a structural contradiction, as TOT laws strictly forbid expense deductions.

⚖️ 3. Strict Revenue Thresholds

The ZRA separates businesses into these categories based on annual gross turnover to simplify compliance for smaller traders:

Under K800,000: Small businesses fall under the Turnover Tax regime.

Over K800,000: Medium and large businesses are mandated to register for VAT.

If a small business under the K800,000 threshold decides to voluntarily register for VAT (to apply for large corporate or government tenders), the ZRA rules state they are automatically excluded from Turnover Tax and must migrate to standard Income Tax.

11/08/2026

📢 ZICA AMNESTY EXTENSION NOTICE🌈🇿🇲

11/08/2026

Zambia Revenue Authority
Vencentric Entrepreneurial Consult Zambia