What is Vat Administered?
The VAT is administered by the domestic tax administration in the majority of the surveyed countries (29 out of 36), reflecting the uncontroversial decision
of the authorities to administer the VAT in the same domestic tax department as the previous sales or turnover taxes.
How Is Vat Administered In Zambia
The VAT rate is 16% and is applicable to supplies of standard-rated goods and services. The export of goods and services from Zambia is generally zero-rated.
Who should register for VAT in Zambia?
Every taxpayer who is in the business of supplying taxable goods or services is obliged to register for VAT within one month upon attaining the K800,000 sales threshold in any 12-month period.
In measuring the level of turnover, the following are ignored: Exempt supplies made by the business.
How is VAT calculated in Zambia?
Standard-rated goods imported to Zambia are subject to import VAT at the rate of 16%. The supply of standard-rated services to customers in Zambia by a non-Zambian supplier
that has not been subject to VAT in the country from which the services are provided will be subject to VAT in Zambia.