Rental Tax Vs Minimum Taxable income
The minimum chargeable (taxable) income in Zambia is at K3,305. Meaning, if you earn any income below or less than K3,305 the tax due to ZRA is zero percent (0.00%). Now my concern is this: How come ZRA decided to put a “blanket” percentage of 10% on rentals (withholding tax) without taking into consideration how […]