2021 Tax Bands Zambia

How to file a return why file a return.

2021 tax bands zambia. Carbon tax for vehicles the 2021 budget proposes no changes with regard to the carbon tax for vehicles entering or leaving zambia. Prior to this change turnover tax was computed using the graduated tax bands. However mining tax receipts amounting to us 203 5 million and net direct purchases of foreign exchange from the market by the bank of zambia of us 126 6 million moderated the decline in reserves.

Transfer pricing the 2021 budget proposes to provide for country by country cbc reporting for multinationals operating in zambia and would increase the transfer pricing documentation threshold to zmw 50 million from zmw 20 million for local companies. Enter your salary and the zambia salary calculator will automatically produce a salary after tax illustration for you simple. Tax information turnover tax presumptive tax withholding tax income tax value added tax pay as you earn all taxes returns and compliance what is a return.

Zambia revenue authority my tax your tax our destiny. When determining the tax payable for the period the k3 000 monthly exemption will no longer be applicable. Furthermore this amendment removes the k3 000 exemption that was applicable under the graduated tax bands.

When is my return due. Finance minister bwalya ng andu on friday announced a k119 6 billion 2021 national budget that among other things has increased the pay as you earn tax threshold from 3 000 to k4 000 00. Effective 1st january 2018 it will no longer be.

Penalties apply for a penalty. How to file a return why file a return. Below is the full speech he delivered in parliament.

Review the latest income tax rates thresholds and personal allowances in zambia which are used to calculate salary after tax when factoring in social security contributions pension contributions and other salary taxes in zambia choose a specific income tax year. Follow these simple steps to calculate your salary after tax in zambia using the zambia salary calculator 2020 which is updated with the 2020 21 tax tables. Penalties apply for a penalty.