LusakaTimes.com Zambia: Cabinet approves Bill to increase corporate income tax... 19 6iEll 0lIl
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Cabinet approves Bill to increase corporate income tax for mining operations by 30 olo
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i m p l e m e n t t h e p r o p o s e d c h a n g e s t o t h e m i n i n g ta x r e g i m e a n d i n c r e a s e c o r p o r a t e i n c o m e tax for mining operations from zero percent to 30 percent.
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Corporate income tax is a levy placed on the profit of a firm, with different rates used for different levels of profits.
V a r i a b l e p r o f i t tax comes into play when corporate e x p e n s e v a r i e s w i t h p r o d u c t i o n o u t p u t . V a r i a b l e c o s t s a r e t h o s e th a t v a r y d e p e n d i n g o n a c o m p a n y ' s p r o d u c t i o n v o l u m e ; th e y r i s e a s p r o d u c t i o n i n c r e a s e s a n d f a l l a s p r o d u c t i o n d e c r e a s e s .
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LusakaTimes.com Zambia: Cabinet approves Bill to increase corporate income tax... 291 6Ell 0lIl
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23 Comments To "Cabinet approves Bill to increase corporate income tax for mining operations by 30 o/o"
# 1 C o m m e n t B y S i n k o l o n g o D r y g i n O n J u n e 1 6 , 2 0 1 5 @ 6 : 5 6 a m W e l l d o n e P r e s i d e n t L u n g u .
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