Zambia Budget for 2020 was presented by the Minister of Finance, Dr. Bwalya Ng’andu, on 27 September 2019. Some of the main tax measures of the Budget include:
- Amendments to the transfer pricing rules to:
- provide for price premium adjustments;
- empower the Commissioner General to request sales agreements and third-party invoices relating to the sale of minerals;
- extend the use of the reference pricing to adjust the pricing of purchases between related or associated persons; and
- deem the agr…