Zambia's Ministry of Finance and National Planning has published the 2025 Budget Speech that was delivered by Minister Situmbeko Musokotwane to the National Assembly on 27 September 2024. The proposed tax measures of the budget are relatively limited and are focused on revenue generation, with no proposed tax concessions. The measures include
- The introduction of an Advance Income Tax at a rate of 15% on remittances exceeding USD 2,000 or its equivalent that will apply for transactions made …