Insurance Premium Levy (Amendment) Act, 2024

Insurance Premium Levy (Amendment) [No. 28 of 2024 403 GOVERNMENT OF ZAMBIA ACT No. 28 of 2024 Date of Assent: 20th December, 2024 An Act to amend the Insurance Premium Levy Act, 2015. [ 26th December, 2024 ENACTED by the Parliament of Zambia. 1. (1) This Act may be cited as the Insurance Premium Levy (Amendment) Act, 2024, 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, 2025. 2. Section 2 of the principal Act is amended by the— (a) deletion of the definition of “electronic fiscal device”; and (b) insertion of the following new definition in the appropriate place in alphabetical order: “electronic invoicing system” has the meaning assigned to the words in the Value Added Tax Act;. 3. Section 4 of the principal Act is amended by the deletion of subsection (3) and the substitution therefor of the following: (3) An insurer, an insurance agent or a broker shall use an electronic invoicing system to record a payment of the levy and issue a tax invoice generated by the electronic invoicing system to a person that pays the levy. Enactment Short title and commencement Act No. 21 of 2015 Amendment of section 2 Cap.331 Amendment of section 4 Single copies of this Act may be obtained from the Government Printer, P.O. Box 30136, 10101 Lusaka, Price K 4 each. 404