Last reviewed - 29 June 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

21 June

PIT final payment due date

21 June

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 (%)


NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.