Zambia Announces Further Measures to Mitigate Impact of COVID-19

Zambia's Ministry of Finance issued a statement on 20 April regarding further measures aimed at mitigating the impact of the coronavirus (COVID-19) on the Zambian economy. With respect to tax relief, the statement includes the following:

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Waiver of Tax Penalties and Interest: to assist companies and businesses manage their cash flows during this period when they are faced with reduced revenues, Government has decided to waive tax penalties and interest on outstanding tax liabilities re…