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-TAXATIONTHE 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 =————=~