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.
Are dividends taxed? Print
Modified on: Fri, 18 Sep, 2020 at 4:57 PM
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