The Value Added Tax (Amendment)

An Act to amend the Value Added Tax Act. [ 22nd December, 2017
ENACTED by the Parliament of Zambia. 1. (1) This Act may be cited as the Value Added Tax
(Amendment) Act, 2017, and shall be read as one with the Value
Added Tax Act, in this Act referred to as the principal Act. (2) This Act shall come into operation on 1st January, 2018. 2. Section 7 of the principal Act is amended by the insertion
of the following subsection immediately after subsection (2):
(3) A taxable supplier under subsection (1) shall issue a tax
invoice in respect of goods and services supplied. (4) A taxable supplier who fails to issue a tax invoice under
subsection (3) in the form and manner prescribed by the
Commissioner-General from an approved computer package, a
preprinted tax invoice book or a Fiscalised Cash Register, commits
an offence and is liable, on conviction, to a penalty not exceeding
three hundred thousand penalty units or to imprisonment for a term
not exceeding three years or to both. 3.

on conviction, to a penalty not exceeding
three hundred thousand penalty units or to imprisonment for a term
not exceeding three years or to both. 3.

Section 16 of the principal Act is amended—
(a) in subsection 2A by the deletion of the word “sixteen”
and substitution therefor of the word “eighteen”; and
(b) by the insertion of the following subsection immediately
after subsection 2A—
2B. A value added tax withholding agent shall
lodge a return relating to value added tax withheld in
the form and manner prescribed by the
Commissioner-General within sixteen days following
Value Added Tax (Amendment) [No. 12 of 2017 639
Enactment
Amendment
of section 16
Short title
and
commencement
Cap. 331
Amendment
of section 7
GOVERNMENT OF ZAMBIA
ACT
No. 12 of 2017
Date of Assent:19th December, 2017
Single copies of this Act may be obtained from the Government Printer,
P.O. Box 30136, 10101 Lusaka, Price K4.00 each.

e of Assent:19th December, 2017
Single copies of this Act may be obtained from the Government Printer,
P.O. Box 30136, 10101 Lusaka, Price K4.00 each.

the end of the prescribed accounting period to which
it relates or within such other time as the
Commissioner-General may determine by notice.
4. Section 37 of the principal Act is amended by the insertion
of the following subsections immediately after subsection 6:
(7) A person commits an offence if that person—
(a) avails incomplete records or fails to avail the records
for inspection as required under this section; or
(b) fails to provide information requested by an
authorised officer within the time stipulated by
that officer.
(8) A person convicted of an offence under subsection (7) is
liable, to a penalty of twenty thousand penalty units.
(9) Without prejudice to subsection (7), a person who fails to
avail the requested records under this section is liable to pay a fee
of two thousand fee units for each day that the records are not
provided.
640 No. 12 of 2017] Value Added Tax (Amendment)
Amendment
of section 37