The object of this Bill is to amend the Income Tax Act so as to—
(a) limit the deductibility of interest on debts owed by certain taxpayers
to thirty percent of tax earnings before interest, tax, depreciation and
amortisation;
(b) revise the Kwacha to United States dollar exchange rate to be used
in computing indexed losses and indexed capital allowances for
persons carrying out mining operations and keeping their books of
accounts in United States dollars;
(c) make mineral royalty non deductible for income tax purposes;

The object of this Bill is to amend the Value Added Tax so as
to—
(a) Provide for the use of an electronic fiscal device in
recording daily sales;
(b) broaden the scope of taxable; and
(b) provide for matters connected with, or incidental to, the
foregoing.

The object of this Bill is to amend the Customs and Excise Act so as to—
(a) introduce customs duty on motor cycles;
(b) introduce excise duty on non-alcoholic beverages and aviation fuel;
(c) introduce export duty on raw hides, raw skins, pearls, precious stones
and precious metals;
(d) increase the export duty on manganese ores and manganese
concentrates;
(e) revise the duty rates payable on certain goods;
(f) provide for penalties for offences connected to excisable services;
(g) increase the specific excise duty rates on fuels;