Under Section 46, the taxpayer is required to submit an Income Tax return and pay the balance of tax due, if any, by 21st June each year.
Assessed tax arises where the Inspector of Taxes has raised assessments under Sections 63 and 64. Assessed tax on the assessment raised under Section 63 and 64 (a) and (b) is due and payable 30 days after the date of issue of the assessment, while the tax on the assessment raised under Section 64(c) is payable on demand.
Provisional tax as calculated on any return of provisional income under Section 46 (a) is payable in four equal instalments as follows:
- 1st instalment is due on 31st March and payable on or before 10th April.
- 2nd instalment is due on 30th June and payable on or before 10th July.
- 3rd instalment is due on 30th September and payable on or before 10th October
- 4th instalment is due on 31st December and payable on or before 10th January
All employers are required under Section 71 of the Income Tax Act and PAYE regulations, to deduct tax from payments of emoluments made to their employees.
The PAYE tax deducted must be remitted by employers to Zambia Revenue Authority by the 10th of the month following the month in which the deduction was made using the Monthly PAYE Return ITF/P16.
Payment is due by the 14th of day of the subsequent month of turnover.
WHT deducted, should be remitted on or before the 14th day of the subsequent month of deduction.
Lump sum Payment
Payment is due within 14 days from the date of completion of the transaction
Income Tax Annual
Payment for the balance on the return is also due by 21st June.
Payment is due by the 15th day of the subsequent month
Property Transfer Tax
Payment is due within fourteen days from the date of completion of the transactions.
Payment is due by the 14th day of the subsequent month in which the sale of the minerals was done.
Excise Manufacturer and Bonded Warehouse License Renewal Application
Due date is by 31st December
Assessed Customs and Excise Duties
Assessed duties and taxes under Customs and Excise must be paid within five (5) days from date of assessment.
Insurance Premium Levy
Return and Payments are due on the 18th of every month
Value Added Tax (VAT)
Payment for electronic submissions are due on the 18th of every month
Withholding VAT (WVAT)
Return and Payments are due on the 16th of every month