Zambia's Ministry of Finance and National Planning has proposed additional tax measures as part of the 2025 Budget. As previously reported, the 2025 Budget Speech was delivered to the National Assembly on 27 September 2024 with limited tax measures. The additional proposed 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 currently applies for the mining sector);
- An increase in the tu…