Individual - Other issues

Last reviewed - 29 June 2023

Treatment of flow-through business entities

Where a business is carried on in partnership, the income to which each partner is entitled in a period is ascertained under the Zambian income tax rules, and each partner is assessed and charged accordingly. A partnership is therefore broadly transparent for Zambian income tax purposes.

Exchange controls

Regulations requiring the monitoring of cross border and foreign currency transactions were abolished in March 2014. 

Regulations that required local transactions to be negotiated and based in the local currency, kwacha, were also abolished.