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2009 Budget overview of Tax changes
2009 BUDGET OVERVIEW OF TAX CHANGES
INTRODUCTION ................................................................................................ 21.0 DIRECT TAXES ............................................................................................ 31.1 CONCESSIONS....................................................................................... 31.2 COMPENSATING MEASURES .............................................................. 41.3 HOUSEKEEPING MEASURES .............................................................. 52.0 VALUE ADDED TAX .................................................................................... 72.1 CONCESSIONS ...................................................................................... 72.2 HOUSEKEEPING MEASURES .............................................................. 73.0 CUSTOMS AND EXCISE ............................................................................. 93.1 CONCESSIONS ..................................................................................... 93.2 COMPENSATING MEASURES ............................................................. 113.3. HOUSEKEEPING MEASURES ............................................................. 114.0 OTHER MEASURES ................................................................................... 14
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2009 Budget overview of Tax changes
INTRODUCTION
The 2009 budget takes advantage of the robust economic growth the country hasexperienced in the recent past and the challenges that we are yet to face.The Zambia Revenue Authority is committed to support Government efforts towardsprovision of significant funding for a wide range of Government programmes.I am therefore pleased to present an overview of the major changes in the taxlegislation and other relevant information to our taxpayers as announced by theMinister of Finance and National Planning in his annual National Budget Address of
th
30 January 2009.The overview gives a guide on the measures announced in the Budget as reflected inthe various Bills, Statutory Instruments and Commissioner General's Rules thatcontain the enabling legislation. The finer details are contained in the publishedlegislation. However, it is worth noting that some measures in this pamphlet aresubject to Parliamentary approval.May I also recommend visiting the ZRA website, which includes all the informationenclosed in this pamphlet and many further useful tax details: www.zra.org.zmIt is my wish that the information we provide will improve the transparency of ourdiscussion on tax revenue matters in support of greater accountability.Chriticles P. Mwansa
Commissioner General
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