Zambian Investment Incentives

The Investment Act in Zambia provides for the following general and special incentives:

A. General Incentives:
   (1) 15% tax on farm income;
   (2) 15% tax on traditional export products
   (3) Capital allowances deducted from profits
   (4) Farm dividends exempted from tax for first five years
   (5) Foreign tax payable allowed as credit against Zambian tax
   (6) Mining investments attract tax deductions
   (7) An Investor allowed to open & operate bonded warehouse
   (8) A self-employment permit for minimum investment of $250,000

B. Special Incentives
   Exempt from import duty and sales tax on imports of machinery & equipment
   provided
   (1) Proof of positive net foreign exchange for exporters of non-traditional
       products
   (2) Proof of producing of inputs for local agriculture & agro-related export
       commodities
   (3) Tourism investment with foreign exchange earnings
   (4) Production of import substitution commodities
   (5) Investment located in rural areas

C. Small-Scale and Village Enterprises
   (1) Exempt from tax for first three years in urban areas & five years in rural areas
   (2) Exempt from customs and sales tax on imported equipment.

For further details contact;
+== Mutale Kalenga                mutale.kalenga@netline.co.za  ==+
+== EMK Management Consultants    mutale.kalenga@digitec.co.za  ==+
* 1st 1.11 #1988 * Dreams move on if you wait too long.


From: mutale.kalenga@netline.co.za (Mutale Kalenga)
Message-ID: <12f.3789.387.0N4E2BCF@netline.co.za>
Date: Thu, 13 Oct 94 07:35:00 +0200