Zambia Budget for 2020 Presented

Zambia Budget for 2020 was presented by the Minister of Finance, Dr. Bwalya Ng’andu, on 27 September 2019. Some of the main tax measures of the Budget include:

• Amendments to the transfer pricing rules to:
  • provide for price premium adjustments;
  • empower the Commissioner General to request sales agreements and third-party invoices relating to the sale of minerals;
  • extend the use of the reference pricing to adjust the pricing of purchases between related or associated persons; and
  • deem the agr…