- Zambia’s Ministry of Finance has proposed implementing VAT on non-resident providers of digital services in its 2024 budget.
- The proposal aims to require foreign providers of digital or electronic services to register for VAT, charge taxes, and remit them to the Zambia Revenue Authority.
- This move is part of the government’s efforts to generate revenue from the digital economy and ensure a level playing field for local and foreign service providers.
- The implementation of VAT on digital services is expected to increase tax compliance and revenue collection in Zambia.
- The specific details and timeline for the implementation of this proposal are yet to be announced.
Source: vatcalc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
