Unconsolidated

Status: 
Active

The Income Tax (Amendment) Bill , 2017

The object of the Bill is to amend the Income Tax Act so as to--

 (a) revise the defination of Tax Payer Identification Number;

 (b) remove the K3,060 annual allowable pension contribution;

 (c) revise the penaltiees for the late submission of a turnover tax return;

 (d) provide the due date for the the submission of provisional tax return for a business that registers after the 31st March

 (e) increase base tax from k150 per year to k 365 per year;

 (f) revise the due date on the payment of the withholding tax;

The Value Added Tax (Amendment) Bill, 2017

The object of the Bill is to ament the value Added Tax Act so as to--

(a) revise the due date for the submission of the Value Addded Tax return from the 16th to the18th of the month;

(b) provide the due date for the submission of the withholding Value Added Tax return;

(c)provide penalties for the failure to issue a tax invoice by a supplier or to furnish records for inspection; and

(d) to provide the matters connected, with or incidental, to the foregoing.

The Skills Development Levy (Amendment) Bill , 2017

The object of the Bill is to amend the Skills Development Levy Act so as to revise the classes of persons exempt from payment of the skills development levy.

The Property Transfer Tax (Amendment) Bill, 2017

The Object of this Bill is to amend the Property Transfer Act so as to - 

(a) introduce property transfer tax on the transfer of intellectual property and on shares transferred outside of the Republic;

(b) provide for a waiver of penalties and interest; and 

(c) to provide for matters connected with, or incidental , to the foregoing.

The Insurance Premium Levy (Amendment) Bill, 2017

The Object of the Bill is to amend the Insurance Premium Levy Acto so as to exempt reinsurance from the payment of insurance premium levy.

The Companies Bill, 2017

The object of this Bill is to—

(a) promote the development of the economy by encouraging entrepreneurship, enterprise efficiency, flexibility and simplicity in the formation and maintenance of companies;

(b) provide for the incorporation, categorisation, management and administration of different types of companies;

(c) provide the procedure for the approval of company names, change of name and conversion of companies;

(d) provide for shareholders’ rights and obligations, the conduct of meetings and the passing of resolutions by shareholders;

The Corporate Insolvency Bill, 2017

The objects of this Bill are to provide for—

(a) corporate receiverships, appointment of receivers and the duties and responsibilities of receivers;

(b) business rescue, appointment, duties and responsibilities of business rescue administrators, rights of affected persons during business rescue proceedings and business rescue plans;

(c) schemes of arrangements or compromise with creditors;

Supplementary Appropriation (2012) Act, 2014

Date of Assent: 31st July, 2014
An Act to confirm the supplementary expenditure of monies
aggregating two billion, seven hundred and fifty-five
million, six hundred and forty thousand, nine hundred and
fifty-four kwacha required for the services of the Republic
during the financial year ended on 31st December, 2012.

Urban and Regional Act, 2011

Date of Assent: 12th April, 2011

An Act to establish the Zambia Institute of Planners and
provide for its functions; provide for the registration of
planners and planning firms and regulate their professional
conduct; and provide for matters connected with, or
incidental to, the foregoing.

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