Zambian Government issues 2021 Budget: Proposed VAT changes

• Zero rate of all tractors regardless of Horsepower
• Electronic payment machine must be available to use on request by customers and in turn impose a penalty for failure to comply
• Clarify on when the two-year limitation period commences
• Zero rate full body sanitization equipment
• Clarity for the definition of “place of supply”
• Escalatory fine chargeable on false returns and statements
• Increase the fine chargeable for evasion of tax

Source: EY

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