tax

Are you a landlord in Zambia? It's crucial to understand your tax obligations when it comes to rental income. Rental income is subject to taxation in Zambia, and compliance is essential to avoid penalties. In this comprehensive guide, we'll walk you through everything you need to know about rental income tax in Zambia. Understanding Rental Income Tax in Zambia: Rental income tax refers to the tax...

Property Transfer Tax in Zambia: Special Cases So now that you understand your tax obligations on a property for sale, you need to also have an idea of the special cases that may apply with regard to property transfer tax (PTT) in Zambia. In a few special cases, you may be exempt from paying property transfer tax in Zambia. The following are some special cases that provide for exemptions at the time of...

When considering a neighbourhood for your property investment, there are several factors to take into account before consulting with your broker. Here are some valuable tips to help you choose the ideal neighbourhood for your property investment. 1. Neighborhood Characteristics The neighbourhood itself plays a crucial role in attracting quality tenants and determining vacancy rates. Investing in an...

NOTE: 2022 Update here: 2022 Budget Changes on Rental Income Taxation 14th February 2018 Issued by Topsy Sikalinda Corporate Communications Manager Zambia Revenue Authority (ZRA) ZRA CALLS ON ALL TENANTS AND LANLORDS TO REGISTER FOR WITHHOLDING TAX ON RENTAL INCOME The Zambia Revenue Authority (ZRA) has given an opportunity to all landlords and tenants that are not registered and are not...

The rental price advertised for a rental property is known as the asking rental price. This amount may or may not include additional costs such as utility bills and taxes. Both tenants and property owners need to be aware of the tax obligations associated with rental properties, including withholding tax. If you are unfamiliar with these obligations, we recommend reading the article titled "Your Tax...

Your Prospects for Success in Zambian Real Estate for 2018 What are your prospects for success in Zambian real estate for 2018? Can you increase your potential success? Are you interested in real estate? Most likely YES right... Are you interested in Zambian Real Estate? Well, you should be! Come join BCA Properties as we host key industry stakeholders in the real estate sector to discuss trends,...

When engaging in property transactions in Zambia, one common question arises: Who pays the property transfer tax? In this article, we will provide clear definitions and explanations to help you understand this aspect of real estate transactions. Defining Property and Property Transfer Tax: In Zambia, property refers to any land, including buildings and additions made to or on the land at the time of...

NOTE: 2022 Update here; 2022 Budget Changes on Rental Income Taxation Understanding and complying with tax obligations is crucial to avoid potential legal troubles. The Zambia Revenue Authority (ZRA) has been actively working to increase public awareness and compliance regarding various tax obligations, including the Withholding Tax on rental income. In this article, we will simplify the concept of...