FORMER Zambia Revenue Authority (ZRA) communications manager Topsy Sikalinda explains that compliant taxpayers will not be affected financially by the 15 per cent advance tax for transferring over $2,000 abroad. In a write up, Thursday, Sikalinda stated that advance tax was not new in Zambia, saying it was a compliance measure to ensure that everyone who sent money abroad paid their fair share of taxes. “The 2025 budget requires anyone transferring over $2,000 (K54,000) abroad to either show a Tax Clearance Certificate (TCC) or pay a 15 percent Advance Income Tax (AIT). Here’s how it works: for compliant taxpayers – if you’re tax compliant and no not owe the Zambian people through taxes, you can get a TCC online for...

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