Zambia Implements 2021 Budget Tax Changes
Zambia has reportedly implemented the 2021 Budget tax changes through various amendment acts, which generally apply from 1 January 2021. Some of the main 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 aimed at giving relief to businesses in the hospitality indust…