The Zambia Development Agency (Amendment) Act, 2021

An Act to amend the Zambia Development Agency Act,
2006. [30th December, 2021
ENACTED by the Parliament of Zambia. 1. (1) This Act may be cited as the Zambia Development
Agency (Amendment) Act, 2021, and shall be read as one with the
Zambia Development Agency Act, 2006, in this Act referred to as
the principal Act. (2) This Act shall come into operation on 1st January, 2022. 2. The principal Act is amended by the repeal of section 56 and
the substitution therefor of the following:
56. (1) A foreign investor who invests not less than
five hundred thousand United States Dollars or
the equivalent in convertible currency, in a priority
sector, is entitled to incentives as specified by or
under the Customs and Excise Act or Income Tax
Act. (2) A local investor who invests not less than fifty
thousand United States Dollars or the equivalent
in convertible currency, in a priority sector, is
entitled to incentives as specified by or under the
Customs and Excise Act or Income Tax Act. Enactment
Qualification
for
incentives
[No. 48 of 2021 693
Zambia Development Agency
(Amendment)
Repeal and
replacement
of section 56
Cap. 322
Cap. 323
Short title
and
commencement
Act No. 11
of 2006
Cap.

693
Zambia Development Agency
(Amendment)
Repeal and
replacement
of section 56
Cap. 322
Cap. 323
Short title
and
commencement
Act No. 11
of 2006
Cap.

322
Cap. 323
GOVERNMENT OF ZAMBIA
ACT
No. 48 of 2021
Date of Assent: 29th December, 2021

694