Zambia enacted the Income Tax (Amendment) Act 2025 on 8 August 2025, which was published in the Official Gazette on 19 August 2025. The Act includes two important tax measures. The first measure is the introduction of a minimum alternative tax levied at a rate of 1% per annum on the total turnover of a person (company) or partnership. The minimum alternative tax is creditable against the standard income tax charged in a year and may be carried forward for up to five years. The minimum altern…