Impact of the Property Transfer Tax Amendment on Zambia’s Property Market The Property Transfer Tax (Amendment) Act, 2024, effective 1st January 2025, introduces notable changes to Zambia’s property market. With the transfer tax rate increased to 8% of the realised value for land transactions, these updates are set to influence property investment and transactions. Here’s a closer look at how this...
Ministry of Lands Urges Compliance with New Land Administration System Lusaka, Zambia - August 13th, 2024 – The Ministry of Lands and Natural Resources is urging the public, both in Zambia and abroad, to comply with the legal requirements for land administration. Following the introduction of the Zambia Integrated Land Administration System (ZILAS) on May 17th, 2023, the Ministry has made significant...
The Zambia Property Owners Association: Driving Growth in Zambia's Property Sector Incorporated under the Societies Act, Chapter 119, the Zambia Property Owners Association (ZAPOA) is a pioneering 'not for profit' organization that has been a driving force in Zambia's commercial and industrial property sectors since its establishment on June 9, 2014. ZAPOA is more than just an association; it is a...
Press Release: Addressing Corruption Vulnerability in Zambia's Land Sector. Transparency International Zambia (TI-Z) has brought attention to the significant risks and vulnerability to
Happy Earth Day 2023! Earth Day is an annual event celebrated on April 22nd to raise awareness about environmental issues and encourage people to take action to protect the planet. The first Earth Day was celebrated in 1970, and since then, it has become a global movement with millions of people participating every year. The theme for Earth Day 2023 is "Restore Our Earth", which focuses on...
Recently the Zambia Revenue Authority (ZRA), officially announced and clarified the applicable changes to tax on rental income following the adoption of the 2022 National Budget by Parliament in late December 2021. The announcement on the 12th of January by the ZRA was followed by a number of well-planned informational sessions including a Facebook Live presentation and a Zoom webinar among others. This short article is a summary of these comprehensive informational sessions to serve as a short guide...
Zambia’s Largest Land Titling Project Gets Blockchain Backing by Medici Medici Land Governance (MLG), a subsidiary of Overstock, has inked a deal with the Zambian government as part of an ambitious land titling project within the African nation. According to a press release shared with CoinDesk on Friday, Medici has signed a seven-year contract with the Ministry of Lands and Natural Resources of the...
