- Zambia enacted major tax reforms via the 2025 Supplementary Budget and 2026 National Budget.
- The VAT system was enhanced with broader provisions for remission of irrecoverable VAT debts.
- These changes cover insolvency and long-outstanding liabilities.
- The reforms improved administrative efficiency and helped taxpayers address legacy tax issues.
Source: wts.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.
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