Investment Act
ZambiaAct of Parliament1996No. Act No. 5 of 1996
This Act has been repealed.It was replaced by Zambia Development Agency Act, 2006 (No. 11 of 2006). Read this one for the law as it stood, not as it is now.
The Investment Act is an Act of the Parliament of Zambia enacted in 1996. It contains 46 sections. Read its sections below, or ask Levy any question about the Investment Act and get an answer grounded in the Act with citations.
Sections of the Investment Act
- S. 1This Act may be cited as the Investment Act. Short title
- S. 2I nterpretation
- S. 3N on-derogation from any other law
- S. 4Notwithstanding section thirty-nine, the Investment Centre as constituted under Constitution of
- S. 5F unctions of Centre
- S. 6E stablishment of Board
- S. 7F unctions of Board
- S. 8Any person investing in a business enterprise may apply for an Investment Investment Certificate
- S. 9A pplication for Investment Certificate
- S. 10I ssue of Investment Certificate
- S. 11A ppeal from decision of Board
- S. 12C ondition of Investment Certificate
- S. 13(1) The holder of an Investment Certificate may at any time during the validity of Variation of
- S. 14(1) Where the holder of an Investment Certificate is unable to commence Extension and
- S. 15T ransfer of Investment Certificate
- S. 16A mendment of Investment Certificate
- S. 17S uspension or cancellation of Investment Certificate
- S. 18Q ualifications for general incentives
- S. 19An investor shall be taxed on that portion of income which is determined by the Income tax of
- S. 20I ncome tax on non-traditional products
- S. 21I ncome tax on rural enterprises
- S. 22(1) An Investor shall be entitled to capital allowances which shall be deducted in Income tax allowances
- S. 23I ncome tax deductions
- S. 24Income received by way of a dividend declared from farming shall be exempt Income tax exemption
- S. 25D ouble taxation agreements
- S. 26I ncome tax on mining
- S. 27B onded factory
- S. 28E conomic development zone or export processing zone
- S. 29S mall scale and village enterprises
- S. 30I mmigration
- S. 31S avings for holders of investment certificate issued before 27/01/96 and small
- S. 32L and
- S. 33W ater, electricity, transport, etc.
- S. 34R egistration and licensing
- S. 35(1) No property of any description shall be compulsorily acquired, and no Protection from
- S. 36T ransfer of funds
- S. 37T ransitional provisions
- S. 38R egulations
- S. 39(1) Subject to subsection (2), the Investment Act, 1991 is hereby repealed. Repeal of
- S. IPRELIMINARY
- S. IIINVESTMENT CENTRE AND BOARD
- S. IIIPROCEDURES FOR INVESTMENT IN ZAMBIA
- S. IVGENERAL INCENTIVES
- S. VSPECIAL INCENTIVES
- S. VISERVICES
- S. VIIINVESTMENT GUARANTEES AND GENERAL