Thu, 15 Feb 2018 11:01:20 +0000 By BUUMBA CHIMBULU THE Zambia Revenue Authority (ZRA) will start physical surveys of real properties throughout the country from March 2 and has since urged landlords and tenants to register for withholding tax on rental income before the exercise begins or face sanctions. The authority has since given an opportunity to all landlords and tenants that are not registered and are not paying withholding tax on rental income to register before March 1 ZRA acting commissioner general, Brigitte Muyenga, explained that income from letting of property was liable to withholding tax at the rate of 10 percent of gross rentals. “Section 45 of the Income Tax Act Chapter 323 of the Laws of Zambia required every person within thirty days from first receiving taxable income to give written notice to the Commissioner-General may prescribe. The law further requires the tenant to be registered for withholding tax for purposes of […]
