OverviewLast reviewed - 31 March 2023
The Republic of Zambia is a representative multiparty democracy located in Southern Africa with a president as the head of state. The capital city is Lusaka, and the country is divided into ten provinces and has over 116 districts. Zambia’s official language is English, and its currency is the Kwacha (ZMW).
Mining is Zambia's most significant industry, driven mostly by copper mining and processing. Agriculture and tourism are other important sectors.
The Zambian economy recovered in 2021, with GDP increasing by 4.6%, following a 2.8% drop during the pandemic in 2020. Its rebound was spurred by strong copper prices, post-election market optimism, and agricultural revival. In the first half of 2022, economic activity remained robust. In the second quarter of 2022, GDP increased by 2.4% year on year, aided by a rebound in services that offset reductions in agriculture, mining, and industry. The government anticipates 3.7% economic growth in 2023, supported by a resurgence in mining exports and significant private investment.
Zambia is a member of a number of international organisations, including the United Nations (UN), the African Union, the South African Development Community (SADC), the Common Market for Eastern and Southern Africa (COMESA), and the Commonwealth of Nations.
PwC Zambia has over 180 professional staff working in the assurance, advisory, and tax lines of service. The tax practice offers a full range of tax services covering all Zambian taxes, with particular focus on inbound investment, including in the mining, banking, consumer and industrial products, and services sectors.
Quick rates and dates
|Corporate income tax (CIT) rates|
|Headline CIT rate (%)||
30 (35% in 2021 charge year)
|Corporate income tax (CIT) due dates|
|CIT return due date||
21 June following the end of the tax year for online submissions.
5 June for manual submissions.
|CIT final payment due date||
21 June following the end of the tax year.
|CIT estimated payment due dates||
Four instalments by 10 April, 10 July, 10 October, and 10 January.
|Personal income tax (PIT) rates|
|Headline PIT rate (%)||
|Personal income tax (PIT) due dates|
|PIT return due date||
|PIT final payment due date||
|PIT estimated payment due dates||
Four instalments by 31 March, 30 June, 30 September, and 31 December.
|Value-added tax (VAT) rates|
|Standard VAT rate (%)||
|Withholding tax (WHT) rates|
|WHT rates (%) (Dividends/Interest/Royalties)||
Resident: 15 / 15 / 15 / NA*;
Non-resident: 20 / 20 / 20 / 0*
*Reinsurance placed with non-resident reinsurers
|Capital gains tax (CGT) rates|
|Headline corporate capital gains tax rate (%)||
|Headline individual capital gains tax rate (%)||
|Net wealth/worth tax rates|
|Headline net wealth/worth tax rate (%)||
|Inheritance and gift tax rates|
|Headline inheritance tax rate (%)||
|Headline gift tax rate (%)||