Zambia

Recent significant developments in the taxation of individuals in Zambia are as follows:

• Both employers and employees are required to make contributions to the National Pension Scheme Authority (NAPSA). The contribution rate is 5% of the employee’s total earnings (a total 10% contribution from both the employer and employee), subject to a limit as prescribed by the authority. The maximum contribution limit for 2023 is 1,342 Zambian kwacha (ZMW) per employee per month (i.e. a total of ZMW 2,684 from both the employer and employee per month).