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THE UNIVERSITY OF ZAMBIA SCHOOL OF LAW 2009 SECOND SEMESTER sR WN pe L211-LEGAL PROCESS L252-CONSTTUTIONAL LAW 1352-NATIONAL HUMAN RIHGTS LAWS. 1362-CIVIL AND CRIMINAL PROCEDURE L382-INDUSTRIAL LAW L492-TAXATION THE UNIVERSITY OF ZAMBIA SCHOOL OF LAW 2008/9 SECOND SEMESTER FINAL EXAMINATIONS 2" March 2009 L 492 - TAXATION INSTRUCTIONS 1. Answer Question One and any three other questions. 2. Time: three (3) hours plus five (5) minutes in which to read the question paper. 3, Question one carries 40% of the total mark while the other questions carry 20% each. 4. Candidates may consult the Income Tax Act, CAP 323 of the Laws of Zambia. ‘ Question One “Mr, Speaker, the Government is committed to providing tax relief to the workers, I therefore propose to increase the PAYE exempt threshold from 600,000 per month to K700,000 per month and provide further relief by adjusting the income tax bands as follows: : Current System ‘Income Bands ” | Tax Rate | ‘0 — K600,000 per month 0% K600,001 — K1,235,000 per month | 25% 100,000 per month | 30% | ‘Above K4,000,000 permonth —+| 35% Proposed System [IncomeBands =————=~

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