On 20 July 2015, the new income and capital tax treaty between the UK and Zambia entered into force. The treaty, signed 4 February 2014, replaces the 1972 tax treaty between the two countries.
Taxes Covered
The treaty covers UK income tax, corporation tax and capital gains tax, and covers Zambian income tax.
Residence
If a company is resident in both Contracting States, the competent authorities will determine the company's residence for the purpose of the treaty through mutual agreemen…