Minister of Energy Permanent Secretary reimposed tax on fuel starting 30 September 2022.z

Zambia has introduced a friendlier minerals tax regime as it hopes to ramp up copper production to take advantage of the commodity boom

Ministry of Finance introduces new tax measures in the 2022 Budget - which include:
- increasing the exempt threshold for Pay-As-You-Earn (PAYE) to K4,500 from K4,000 per month
- reducing the general corporate income tax rate from 35% to 30%. For telecommunications companies, it would retain the higher 40% top marginal rate.
- making the mineral royalty levy deductible for corporate income tax purposes. The change is intended to enhance investment in the sector and align with international practices.
- continued pandemic-related relief for the hospitality sector, the 15% corporate income tax rate for hotels’ income from lodging and food services would be extended another year, through 2022.
- To help with local job creation, the budget would also suspend corporate income tax for manufacturers of ceramic products.
- introducing a 20% withholding tax on reinsurance placed with non-Zambian firms.

President Hichilema delegated his new government and officials to review policies to reduce fiscal deficit 

The President assigned an economic team to evaluate tax errors. The team is already reviewing the current structure of the tax system.