Zambia: Tax provisions in budget 2018 - KPMG | ZM
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Zambia: Tax provisions in budget 2018

Zambia: Tax provisions in budget 2018

The 2018 budget in Zambia includes the following tax provisions:


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  • The introduction of a property transfer tax at a rate of 5% on intellectual property and value attributable to a Zambian asset in situations when indirect ownership or control changes outside the country
  • The introduction of an excise duty on 50Kg bags of cement
  • An increase by 50% in the presumptive tax rate for public service vehicles operators
  • An increase in the customs duty on unmanufactured tobacco and tobacco refuse to 25%
  • The introduction of a levy at a rate of 15% on all imports (except those identified as “petty”) that are not accompanied by corresponding proof of payment through the banking system
  • An increase in the customs duty on electric geysers and stoves to a rate of 40%
  • Repeal of a monthly deduction from employee salaries used to provide relief for pension contributions
  • Repeal of an insurance premium levy on re-insurance


Read a 2017 report [PDF 636 KB] prepared by the KPMG member firm in Zambia

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