Insurance Premium Levy (Amendment) Act, 2018

Insurance Premium Levy (Amendment) [No. 16 of 2018 317 GOVERNMENT OF ZAMBIA ACT No. 16 of 2018 Date of Assent: 23rd December, 2018 An Act to amend the Insurance Premium Levy Act, 2018. [26th December, 2018 ENACTED by the Parliament of Zambia. 1. (1) This Act may be cited as the Insurance Premium Levy (Amendment) Act, 2018, and shall be read as one with the Insurance Premium Levy Act, 2015, in this Act referred to as the principal Act. (2) This Act shall come into operation on 1st January, 2019. 2. Section 2 of the principal Act is amended by the insertion of the following new definition in the appropriate place: “ electronic fiscal device” has the meaning assigned to the words in the Value Added Tax Act; 3. Section 4 of the principal Act is amended by the insertion of the following new subsection immediately after subsection (2): (3) An insurer, an insurance agent or a broker shall use an electronic fiscal device to record a payment of the levy and issue a tax invoice generated by the electronic fiscal device to a person that pays the levy. Enactment Short title and commen- cement Act No. 21 of 2015 Amendment of section 2 Cap. 331 Amendment of section 4 4. Section 5 of the Principal Act is amended by the deletion of the word “fourteenth” and the substitution therefor of the word “eighteenth”. Amendment of section 5 Single copies of this Act may be obtained from the Government Printer, P.O. Box 30136, 10101 Lusaka, Price K4.00 each. 318