Zambia VAT changes

The 2017 Zambian Budget includes a range of VAT changes for implementation from January.

• Withdrawal of the VAT Group regime
• Scraping of right to reclaim pre-registration input VAT incurred up to 3 months before registration
• Requirement to use Electronic Fiscal Devices, which apply real-time VAT calculations and records for government audit
• Loss on input VAT deductions on home electronics and car parts
• Loss of right to reclaim any input VAT on petrol; restrictions on deduction of diesel fuel

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