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Zambia Budget for 2021 Presented with Focus on Recovery From COVID-19

|Proposed Changes|Zambia
Zambia

Zambia's Budget for 2021 was presented by the Minister of Finance on 25 September 2020, including a primary focus on measures to support recovery from the effects of the COVID-19 pandemic. Some of the main direct tax measures of the Budget include:

  • A reduction in the corporate income tax rate from 35% to 15% on income earned by hotels and lodges on accommodation and food services, which is aim…

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