Income Tax (Turnover Tax) Regulations, 2009

This section defines “return” and “turnover” for these Regulations.

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Jurisdiction: Zambia
Instrument: Statutory instrument
Citation: SI 47 of 2009
Version: 31 Jul 2009
Language: en
Official source: View official record ↗

assessment Business registrationfilings record retention refunds returns Tax lawtax compliance tax liability cessation tax reporting turnover tax

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About this statute

This section defines “return” and “turnover” for these Regulations. A turnover-tax payer who starts a business must notify the Commissioner-General within 30 days. Turnover tax is due on the 14th day after the end of the income tax month, unless the Commissioner-General sets a different period for a particular case. If too much tax is paid, the excess must be refunded. The Commissioner-General may assess turnover tax for a person liable to pay it, normally at the end of the charge year, and earlier if the person is about to leave the Republic and has not filed a return. A turnover-tax payer must give the Commissioner-General a turnover return, with required details, and lodge it within 14 days after the end of the relevant income tax month unless the Commissioner-General sets another time by notice.

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Provisions of Income Tax (Turnover Tax) Regulations, 2009

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2
Section 2
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AI-assisted research summary: This section defines “return” and “turnover” for these Regulations.

2. In these Regulations, unless the context otherwise requires Interpretation " return" means a return under regulations 7; and "turnover" includes gross earnings, income, revenue, takings, yield or proceeds.
3
A person liable to pay turnover tax under subsection (2) of
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AI-assisted research summary: A turnover-tax payer who starts a business must notify the Commissioner-General within 30 days.

3. A person liable to pay turnover tax under subsection (2) of section sixty-four A of the Act shall, within thirty days of establishing a business, notify the business, notify the Commissioner-General of the establishment of the business. Notification of establishment of business
4
(I) Turnover tax shall be due and payable on the fouteenth
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AI-assisted research summary: Turnover tax is due on the 14th day after the end of the income tax month, unless the Commissioner-General sets a different period for a particular case. If too much tax is paid, the excess must be refunded.

4. (I) Turnover tax shall be due and payable on the fouteenth day of the month following the end of the income tax month or within such other period as the Commissioner-General may, in a particular case, determine. Payment and refund of turnover tax (2) Where the Commissioner-General determines that a person has paid an amount in excess of the turnover tax due, the Commissioner-General shall cause the excess to be refunded to the person.
5
(I) The Commissioner-General may make an assessment
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AI-assisted research summary: The Commissioner-General may assess turnover tax for a person liable to pay it, normally at the end of the charge year, and earlier if the person is about to leave the Republic and has not filed a return.

5. (I) The Commissioner-General may make an assessment in respect of the a person liable to pay turnover tax at the end of the charge year. Assessment of turnover tax (2) Notwithstading sub-regulation ( 1), the Commissioner General may make an assessment in respect of the person liable to pay turnover tax, before the end of the charge year if- (a) the Commissioner-General has reasonable grounds to believe that the person is about to leave the Republic; and (b) a return has not been submitted by the person. copies of this Statutory Instrument can be obtainedfrom the Government Printer P.O. Box 30136. 10101,Lusaka Price Kl,000 each J; i' .;,. 1"' -Jf ,...,,.}.,.__,-., }r;' b "'""1'' .. .,,,,.,,."',,,_, .-., � 11'.:,.f'rni'l,." - "e ""i,,_ 246 Statutory Instrument 31st July, 2009 Change from income tax to turnover tax or vice versa Returns 6 A change by any person from income tax to turnover tax, or vice versa, shall take effect at the beginning of the charge year or on such other date as the Commissioner-General, by notice, determine.
7
(I) A person liable to pay turnover tax for any charge year
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AI-assisted research summary: A turnover-tax payer must give the Commissioner-General a turnover return, with required details, and lodge it within 14 days after the end of the relevant income tax month unless the Commissioner-General sets another time by notice.

7. (I) A person liable to pay turnover tax for any charge year shall furnish, to the Commissioner-General, a return of turnover and such particulars as may be required for the purposes of ascertaining the turnover chargeable, and the tax liable due, under the Act. (2) A return submitted to the Commissioner-General shall be in the Form set out in the Schedule. (3) A person shall lodge a return within fourteen days after • the end of an income tax month to which it relates or within such other time as the Commissioner-General may determine, by notice. Retention of records
8
(1) A person shall retain, in the English language, records
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AI-assisted research summary: A person must keep business records in English when required by the Commissioner-General for turnover tax purposes, and keep those records for six years from each record’s issue date.

8. (1) A person shall retain, in the English language, records relating to the business carried on by the person, as may be required by the Commissioner-General to determine the person's turnover tax. liability (2) The records under sub-regulation (1) shall be retained for a period of six years from the date of issue of each particular record. Cessation of liabiJity to pay turnover tax
9
A person shall cease to be liable to pay turnover tax under
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AI-assisted research summary: A person stops being liable for turnover tax if they are bankrupt, a sole proprietor dies, the business is wound up, or the Commissioner-General determines other circumstances.

9.. A person shall cease to be liable to pay turnover tax under the following circumstances: (a) if the person is adjudged bankrupt; (b) in the case of a sole proprietor, upon the death of the person; (c) upon the winding up of the person's business; or (d) any other circumstances as may be determine by the Commissioner-General. Penalties
10
A person who contravenes these Regulations commits an
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AI-assisted research summary: A person who contravenes these Regulations commits an offence and is liable to penalties under the Act.

10. A person who contravenes these Regulations commits an offence and is liable to the penalties provided for under the Act. 31st July, 2009 Statutory Instrument 247 SCHEDULE (Regulation 7 (2)) Zambia Revenue Authority Domestic Taxes Division Income Tax Act (Laws, Volume 19, Cap. 323) Fonn (To be completed in triplicate The Income Tax (Turnover TaX) Regulations, 2009 TURNOVER TAX RETURN FULL NAMES OF TAXPAYER POSTAL ADDRESS PHYSICAL ADDRESS PERIOD T.P.1.N ACCOUNT NO . TURNOVER PERMMITTANCE FOR MONTH(S) ............................................................ . • SOURCE OF INCOME (e.g: farming, manufacturing. rental etc) SOURCE l SOURCE2 SOURCE3 SOURCE4 TOTAL GROSS TURNOVER TURNOVER TAX PAYABLE AT 3% AMOUNT OF TURNOVER IN KWACHA K K K K K K WI THHOLDING TAX DEDUCTED (To be completed in month 12) TOTAL WITHHOLDING TAX DEDUCTED K DECLAR ATION I declare that the information given is true and correct Name: ............................................................. . Signature: ........................................................ . Capacity: ..................................... . Date: ............................................ . FOR OFFICIAL USE ONLY DATE RECEIVED CHEQUE NO. AMOUNT K ................. OFFICIAL NAME OFFICER'S SIGNATURE RECEIP T NO. LUSAKA 22nd July, 2009 [MFB. I 03/) 2/4) s. MusoKOTWANE, Minister of Finance and National Planning 248 Statutory Instrument 31st July, 2009 (, •

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Income Tax (Turnover Tax) Regulations, 2009

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Provisions of Income Tax (Turnover Tax) Regulations, 2009

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