Are dividends taxed?

Modified on Fri, 18 Sep 2020 at 04:57 PM

In Zambia, individuals (both local and foreign) are exempted from paying tax on dividends received from listed securities. Companies (both local and foreign) pay a withholding tax of 15% and 20% respectively. The tax is paid to the Zambia Revenue Authority. The amount is usually deducted at source by the paying company.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article