Zambia introduced several tax changes in 2025 as part of the 2025 Budget. Some of the main measures include:
- A reduction in the allowed offset of carried forward losses from 100% of taxable income to 50% of taxable income for all sectors (50% limit previously applied only for the mining sector);
- An increase in the maximum turnover threshold for the turnover tax regime from ZMW 800,000 to ZMW 5 million, including for persons conducting business through the gig economy (note - the threshold fo…