News

On 22 February 2023, Finance and Public Enterprises Minister Iipumbu Shiimi, delivered the 2023/24 Budget Speech in Parliament.

The following amendments to the income tax and VAT Act was published December 2022. Act No. 13 of 2022, which amends the Income Tax Act, Act 24 of 1981.Act No. 14 of 2022, which amends the Value-Added Tax Act, Act 10 of 2000.Act No. 10 of 2022, which amends the Stamp Duties Act, Act 15 of 1993.

Introducing the Modified Electronic Filing Tax Relief Programme. From 01 June 2022 to 31 May 2023. Qualification Criteria: Register as an electronic filer on the ITAS Portal.

The Master of the High Court has been directed to de-registered trusts who are in non-compliance with the Financial Intelligence Act (FIA) 2012.