Zambia has reportedly implemented tax measures of the 2020 Budget with effect from 1 January 2020. Measures implemented include:
- A reduction in the capital allowance for mining companies from 25% to 20%;
- Changes in the transfer pricing rules to provide for price premium adjustments where base metals and precious stones are traded at premium prices instead of a reference price;
- The introduction of provisions to allow for the approval of collective investment schemes for income tax exemption …