Value Added Tax (Amendment) Act, 1997 | Act 2 of 1997 — Zambia law | Esheria

Value Added Tax (Amendment) Act, 1997

A taxable supplier who files a return but does not pay the tax on time must pay additional tax. In some cases, the additional tax may be remitted in whole or in part.

Jurisdiction
Zambia
Instrument
Act or statute
Citation
Act 2 of 1997
Version
Undated source snapshot
Language
en
Official source
View official record ↗
additional tax compliance dispute resolution forfeiture goods handling goods seizure late payment penalties registration supplier registration tax compliance value added tax

Statute overview

About this statute

A taxable supplier who files a return but does not pay the tax on time must pay additional tax. In some cases, the additional tax may be remitted in whole or in part. A registered supplier commits an offence if it keeps making taxable supplies after the Commissioner-General’s allowed time ends, and on conviction may be fined up to 10,000 penalty units or imprisoned for up to 12 months, or both. A taxable supplier who fails to make a required payment under subsection (I) commits an offence. Supplier registration takes effect from the trading start date for a new business, or from the application date rules for a continuing business. A person aggrieved by a Tribunal decision may appeal to the High Court.

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