Value Added Tax (Amendment) Act, 2014 | Act 13 of 2014 — Zambia law | Esheria

Value Added Tax (Amendment) Act, 2014

A taxable supplier who files a return but does not pay the tax on time must pay additional tax of 0.5% of the tax payable for each day late.

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Jurisdiction
Zambia
Instrument
Act or statute
Citation
Act 13 of 2014
Version
Undated source snapshot
Language
en
Official source
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deregistration input tax claims legislative amendment registration return filing statutory drafting tax compliance tax payment value added tax

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Statute overview

About this statute

A taxable supplier who files a return but does not pay the tax on time must pay additional tax of 0.5% of the tax payable for each day late. Taxable suppliers whose turnover falls below the VAT registration threshold during an accounting year must be deregistered at the end of that year. This provision amends section fifty of the principal Act by replacing the word “and” with “or” at the end of paragraph (a) in subsection (!). This section amends section 52 of the principal Act by adding a paragraph about the administration of input tax claims and renumbering the next paragraph.

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