2010 BUDGET OVERVIEW OF TAX CHANGES

2010 Budget overview of Tax changes 1

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 Current regime Proposed regime
Monthly Income Bands Rate % Monthly Income Bands Rate
%
K0 – K700,000 0 K0 – K800,000 0
K700,001 - K1,335,000 25 K800,001 - K1,335,000 25
K1,335,001 – K4,100,000 30 K1,335,001 – K4,100,000 30
Above K4,100,000 35 Above K4,100,000 35
This measure is meant to cushion workers against the effect of inflation.

2010 Budget overview of Tax changes 3

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 For further Information Contact:
ZRA Customer Care Service Centre
Private Bag W 136
Lusaka - Zambia
Tel: 211 226227/236093
Fax: +260 211 222717
E-mail: advice@zra.org.zm
Website: www.zra.org.zm