Printing - The Laws of the Republic of Zambia
The Laws of Zambia
Copyright Ministry of Legal Affairs, Government of the Republic of Zambia
REPUBLIC OF ZAMBIA
THE CALCULATION OF TAXES (CONSEQUENTIAL
PROVISIONS) ACT
CHAPTER 339 OF THE LAWS OF ZAMBIA
CHAPTER 339 THE CALCULATION OF TAXES (CONSEQUENTIAL PROVISIONS)
ACT
THE CALCULATION OF TAXES (CONSEQUENTIAL
PROVISIONS) ACT
ARRANGEMENT OF SECTIONS
Section
1. Short title and commencement
2. Interpretation
3. Calculation and computation of tax
CHAPTER 339
CALCULATION OF TAXES
(CONSEQUENTIAL PROVISIONS)
18 of 1968
An Act to provide for the calculation and computation of taxes on income and
profits in respect of certain periods; and to provide for matters connected
therewith.
[26th April, 1968]
The Laws of Zambia
Copyright Ministry of Legal Affairs, Government of the Republic of Zambia
1. This Act may be cited as the Calculation of Taxes (Consequential Provisions)
Act, shall be deemed to have come into operation on the 16th January, 1968, and shall be
read as one with the Taxation law.
Short title and
commencement
2. In this Act, unless the context otherwise requires- Interpretation
"Taxation law" means the law of the Republic or the former Protectorate of
Northern Rhodesia or the former Federation of Rhodesia and Nyasaland
relating to taxation of incomes and profits which is in force or has effect in
the Republic in relation to the year of assessment or charge year in respect
of which tax is calculated and computed in pursuance of section three;
"tax" means any tax as defined in the Taxation law and includes any interest or
addition for non-payment of tax payable under the Taxation law in respect
of unpaid tax.
3. Any tax chargeable, leviable or collectable in respect of any year of assessment
or charge year prior to and including the charge year ending on the 31st March, 1968,
shall be calculated and computed in kwacha and ngwee in pursuance of the
Calculation and
computation of tax
Bank of Zambia Act, save that where a rate of tax referred to in the Taxation law
relating to the year of assessment or charge year in question includes an amount of
money which, prior to the 16th January, 1968, was expressed or determined in pence, the
amount of tax shall be calculated and computed on the basis that each penny included in
that rate of tax is equal to five-sixths of an ngwee.
Cap. 360