Foreign companies need local tax agents in Zambia

摘要

Multinational companies who fail to appoint a local tax agent to carry out value-added tax (VAT) activities on their behalf, for any transactions and business activities in the Zambian mining industy, will have to fork out hefty fees, warns professional services firm PwC. "Foreign investors, including South African companies that register entities in Zambia, need to consider the VAT implications of entities when importing goods and services. Not only is the appointment of a tax agent an expensive exercise, but the legal implications must also be considered," says PwC international tax director and Africa Desk leader in Johannesburg Elandre Brandt.