As previously reported, Zambia will replace its existing value added tax regime with a sales tax regime, with an intended implementation date of 1 July 2019. Legislation for the change has now been approved by Zambia's cabinet and submitted to parliament for approval. Key points of the new sales tax regime include:
- Domestic taxable supplies of goods and services will be subject to a 9% rate, while imported goods and services will be subject to a 16% rate;
- Reduced rates for certain…