THE Zambia Revenue Authority (ZRA) has introduced a 16 percent Value Added Tax on Booklets and Newspapers effective January 1, 2022.
In a notice, Wednesday, the authority indicated that booklets and newspapers had been removed from the list of exempt items pursuant to the Value Added Tax (Exemption) (Amendment) Order, No. 105 of 2021.
“The Zambia Revenue Authority wishes to notify the public that pursuant to the Value Added Tax (Exemption Amendment) Order, No. 105 of 2021, booklets and newspapers have been removed from the list of exempt items. This means that effective 1st January 2022, VAT is now chargeable at 16 percent on Booklets and Newspapers whether in electronic form (soft copy) or printed form (hard copy). Publishers and media houses are especially implored to take note of this change,” read the notice.