Finance Minister Alexander Chikwanda delivered the Budget Statement 2013 today. Those interested in taxation only should see the ZRA Budget Highlights. Further analysis to follow, but the mining tax changes appear to have continued the tightening a few areas e.g. capital allowance reduced from 100% to 25%. Also the new tax on transfer of mining rights will help with the perverse situation in the gemstones industry. But closer study of the Budget is needed!
Zambia Budget 2013 - Budget AddressZambia Budget 2013 - Tax Highlights
