Insurance Premium Levy (Amendment) Act, 2024

An Act to amend the Insurance Premium Levy Act, 2015. [ 26th December, 2024
ENACTED by the Parliament of Zambia. 1. (1) This Act may be cited as the Insurance Premium Levy
(Amendment) Act, 2024, and shall be read as one with the Insurance
Premium Levy Act, 2015, in this Act referred to as the principal
Act. (2) This Act shall come into operation on 1st January, 2025. 2. Section 2 of the principal Act is amended by the—
(a) deletion of the definition of “electronic fiscal device”;
and
(b) insertion of the following new definition in the appropriate
place in alphabetical order:
“electronic invoicing system” has the meaning
assigned to the words in the Value Added Tax Act;. 3. Section 4 of the principal Act is amended by the deletion of
subsection (3) and the substitution therefor of the following:
(3) An insurer, an insurance agent or a broker shall use
an electronic invoicing system to record a payment of the
levy and issue a tax invoice generated by the electronic
invoicing system to a person that pays the levy. Enactment
Short title and
commencement
Amendment
of section 2
Act No. 21
of 2015
Cap.331
Amendment
of section 4
[No.

m to a person that pays the levy. Enactment
Short title and
commencement
Amendment
of section 2
Act No. 21
of 2015
Cap.331
Amendment
of section 4
[No.

28 of 2024 403Insurance Premium Levy (Amendment)
GOVERNMENT OF ZAMBIA
ACT
No. 28 of 2024
Date of Assent: 20th December, 2024
Single copies of this Act may be obtained from the Government Printer,
P.O. Box 30136, 10101 Lusaka, Price K 4 each.

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