a

Linkedin

Twitter

Copyright 2021 Corpus Legal Practitioners.
All Rights Reserved.

07:30 - 17:00

Hours: Mon - Fri

+260-211-372300

Call Our Hotline

Linkedin

Twitter

Search
Menu
 

Insights

Rental Income Tax

Authors: Jacqueline Jhala, Namakuzu Shandavu and Francis Muzimu 08 February 2022   Introduction Following the Minister of Finance pronouncements in his 2021 budget speech, effective 1 January 2022, rental income now falls under the turnover tax regime with the obligation to pay the tax now borne by the landlord and not the tenant unless the tenant has been appointed by the Commissioner-General as a withholding agent. The effect of this tax regime is that it abolishes the payment of withholding tax by tenants for premises that they rent. This article addresses the legal implications the new regime will have on lease agreements that currently...

Continue reading

2022 National Budget opinion piece – TAX INCENTIVES WILL BOOST FOREIGN DIRECT INVESTMENT

10 November 2021 The outbreak of the Coronavirus disease 2019 (Covid-19) was a global public health crisis, that hit the Zambian economy and the world economy hard. We believe that the reintroduction of tax incentives will encourage investment and give investors the necessary relief they need to recover from the disastrous impact of Covid-19. To note further that the Government in its quest to foster entrepreneurship and ensure that Zambian citizens are at the forefront in driving industrialization has reduced the investment threshold for a Zambian citizen operating in the MFEZ and industrial park to USD 50 000.00. Further, the Minister of Finance announced...

Continue reading

2022 National Budget opinion piece – Mining, Energy and Infrastructure

05 November 2021 “We anticipate that the new Government, following the regime change, will introduce or enhance policy around the following key sectors which are areas of interest for us and our clients: 1. mining - pro investor tax regime and policy framework to unlock prospective investments to target an increase of copper production from about 2,000,000mt to 3,000,000mt and some of these are already reflected in the proposed 2022 budget which removes the thorny issue of non-deductibility of mineral royalty tax against corporate tax; 2. energy – is expected to introduce fundamental reforms that will restructure the fuel supply chain and promote an energy...

Continue reading

Zambia’s Kafue Gorge Lower

We aim to lead in each practice and area of law we work in. Coming from in-depth understanding of the law and the industry, capitalizing on extensive experience, we provide hands-on advice that speaks the language of our client’s business. Whether in aviation, sales and distribution, antitrust, corporate and M&A, finance, employment, energy, IP, litigation, TMT, real estate, or any other area of law, our clients can expect excellence and commitment to their objectives. Ensuring the operational functioning of the organisation, the development of external relations, management of press relations and constant communication with the press....

Continue reading

Ease of Doing Business: Zambia Jumps 2 Places to Rank 85

05 November 2019 The country now ranks 85 among 190 economies, an improvement of 2 places compared to its position a year before. The lower the numerical ranking, the better the business climate. Two reforms were carried out in Zambia during the past year: “Protecting minority investors – Zambia strengthened minority investor protections by increasing shareholders’ rights and role in major corporate decisions as well as clarifying ownership and control structures; and resolving insolvency – Zambia made resolving insolvency easier by introducing a reorganisation procedure and granting debtors the possibility of obtaining post-commencement finance.” Zambia is also one of the two Sub-Saharan African...

Continue reading

Courting Sales Tax – The Dangers and Opportunities for Zambia

We aim to lead in each practice and area of law we work in. Coming from in-depth understanding of the law and the industry, capitalizing on extensive experience, we provide hands-on advice that speaks the language of our client’s business. Whether in aviation, sales and distribution, antitrust, corporate and M&A, finance, employment, energy, IP, litigation, TMT, real estate, or any other area of law, our clients can expect excellence and commitment to their objectives. Ensuring the operational functioning of the organisation, the development of external relations, management of press relations and constant communication with the press....

Continue reading

Distressed M&A and the Zambian Business Rescue Process

We aim to lead in each practice and area of law we work in. Coming from in-depth understanding of the law and the industry, capitalizing on extensive experience, we provide hands-on advice that speaks the language of our client’s business. Whether in aviation, sales and distribution, antitrust, corporate and M&A, finance, employment, energy, IP, litigation, TMT, real estate, or any other area of law, our clients can expect excellence and commitment to their objectives. Ensuring the operational functioning of the organisation, the development of external relations, management of press relations and constant communication with the press....

Continue reading