Zambia Corporate Income Tax

Corporate income tax rates and base

Resident companies are taxed on Zambian-source profits at a standard 30% rate, with reduced or higher rates for specific sectors. The figures below are for the 2025 charge year and are an unverified source-cited draft.

• Standard corporate income tax rate — 30% percent (Income Tax Act)
• Telecommunication companies rate — 35% percent (Higher rate on telecoms income above a threshold) (Income Tax Act)
• Agriculture / chemical fertilizer manufacture rate — 15% percent (Income Tax Act)
• Non-traditional exports rate — 15% percent (Income Tax Act)
• Mining (mineral processing) rate — 30% percent ((approx — confirm; mining also subject to mineral royalty)) (Income Tax Act)
• Turnover tax (small businesses) — 5% on annual turnover up to ZMW 5 million (effective 1 January 2025) (Income Tax Act)
• Tax base — Zambian-source business profits (source-based system) (Income Tax Act)
• WHT on dividends (resident) — 15% percent (Income Tax Act)
• WHT on dividends (non-resident) — 20% percent (Treaty relief may reduce this) (Income Tax Act)
• WHT on interest (resident) — 15% percent (Income Tax Act)
• WHT on interest (non-resident) — 20% percent (Treaty relief may reduce this) (Income Tax Act)
• WHT on royalties (resident) — 15% percent (Income Tax Act)
• WHT on royalties (non-resident) — 20% percent (Treaty relief may reduce this) (Income Tax Act)
• WHT on management/consultancy fees (non-resident) — 20% percent (Income Tax Act)
• Annual income tax return deadline — 21 June following the end of the charge year (Income Tax Act)
• Provisional tax — Paid in four quarterly installments (due 31 Mar, 30 Jun, 30 Sep, 31 Dec; payable by the 10th of the following month) (Income Tax Act)