Practice Notes
These PRACTICE NOTES describes the various changes introduced by the Income Tax (Amendment) Acts

The commentary is for general guidance only and is not to be taken as an authority in any particular case.

The commentary is not exhaustive and does not, therefore, affect any person’s right of appeal on any point concerning their liability to tax, nor does it preclude any discretionary treatment which may be allowed under the Act.

Inquiries may be made at the nearest office of the Zambia Revenue Authority, Direct Taxes Division Offices or Advice Center, Lusaka.

Practice Note No. 1 - 2008
This practice note describes the various changes
introduced by the Income Tax (Amendment) Act 2008,
Mines and Minerals (Amendment) Act 2008 and the
Value Added Tax (Amendment) Act 2008 .

Practice Note No. 1 - 2007
This practice note describes the various changes
introduced by the Income Tax (Amendment) Act 2007,
Mines and Minerals (Amendment) Act 2007 and the
Value Added Tax (Amendment) Act 2007 .

Practice Note No. 1 - 2006
This practice note describes the various changes
introduced by the Income Tax (Amendment) Act 2006.

Practice Note No. 1 - 2005
This practice note describes the various changes
introduced by the Income Tax (Amendment) Act 2005.

Practice Note No. 1 - 2004
This practice note describes the various changes
introduced by the Income Tax (amendment) Act 2004.

Practice Note No. 2 - 2004
This describes the treatment of business income for businesses whose turnover is below K200million per annum. Such businesses now have to pay turnover tax, which is 3% of their turnover.

Practice Note No.3/2003 Withholding Tax
This Practice Note describes the provisions of Sections 81, 81A and 82A, which relate to the deduction of withholding tax from certain types of payments.

Practice Note 2 - 2003
This Practice Note describes the provisions of the Medical Levy Act 2003.

Practice Note 1 - 2003
This Practice Note describes the various changes introduced by the Income Tax (Amendment) Act 2003.

Practice Note - Share Options
This Practice Note describes the provisions of the Eighth Schedule introduced by the Income Tax (Amendment) Act 2002.

Practice Note 2002 - General
This Practice Note describes the various changes introduced by the Income Tax (Amendment) Act 2002.

Practice Note 1 - 2001
This Practice Note describes the various changes introduced by the Income Tax (Amendment) Act 2001.

Practice Note 1 - 2000
This Practice Note describes the various changes introduced by the Income Tax (Amendment) Act 2000

Practice Note (Leasing) / 1999
This Practice Note sets out the current Zambia Revenue Authority (ZRA) view on the normal accountancy and taxation treatment of leasing transactions in connection with the acquisition of fixed assets.

Practice Note No. 2 / 1998
Withholding Tax Deduction Of Tax Form Non Resident Contractors
This Practice Note describes the various changes introduced by the Income Tax (Amendment) Act 1998