Business Reforms in Zambia
= Doing Business reform making it easier to do business. = Change making it more difficult to do business.
Getting Credit: Zambia strengthened access to credit by introducing a new Movable Property Act and by setting up a new collateral registry. The new law implemented a functional secured transactions system. The collateral registry is operational, unified geographically, searchable by a debtor’s unique identifier, modern, and notice based.
Paying Taxes: Zambia made paying taxes easier by introducing an online platform for filing and paying taxes. Paying taxes was also made less costly through a reduction of the property transfer tax rate.
Trading across Borders: Zambia made exporting and importing easier by implementing a web-based customs data management platform, ASYCUDA World.
Dealing with Construction Permits: Zambia made dealing with construction permits more costly by raising the costs associated with submitting a brief to the environmental agency.
Registering Property: Zambia made it more affordable to transfer property by decreasing the property
Labor Market Regulation: Zambia eliminated fixed-term contracts for permanent tasks.
Starting a Business: Zambia made starting a business more difficult by increasing the registration fees.
Getting Credit: In Zambia the credit bureau began to provide credit scores.
Paying Taxes: Zambia made paying taxes easier for companies by implementing electronic filing and payment for VAT. At the same time, Zambia made paying taxes more costly by increasing the property transfer tax rate.
Trading across Borders: Zambia increased the documentary and border compliance time for both exporting and importing by shifting all clearance authority to a central processing center at the initial stage of implementing a web-based customs platform (ASYCUDA World).
Registering Property: Zambia made transferring property more difficult by increasing the property transfer tax rate.
Getting Credit: In Zambia, the credit bureau improved access to credit information by starting to exchange credit information with retailers and utilities.
Paying Taxes: Zambia made paying taxes easier for companies by abolishing the medical levy and by introducing an online system for filing corporate income tax, VAT and some labor taxes. At the same time, it also increased the property transfer tax.
Starting a Business: Zambia made starting a business easier by raising the threshold at which value added tax registration is required.
Resolving Insolvency: Zambia strengthened its insolvency process by introducing further qualification requirements for receivers and liquidators and by establishing specific duties and remuneration rules for them.
Registering Property: Zambia made registering property more costly by increasing the property transfer tax rate.
Starting a Business: Zambia eased business start-up by eliminating the minimum capital requirement.
Trading across Borders: Zambia eased trade by implementing a one-stop border post with Zimbabwe, launching web-based submission of customs declarations and introducing scanning machines at border posts.
Enforcing Contracts: Zambia improved contract enforcement by introducing an electronic case management system in the courts that provides electronic referencing of cases, a database of laws, real-time court reporting and public access to court records.
Getting Credit: Zambia improved its credit information system by making it mandatory for banks and nonbank financial institutions registered with the central bank to use credit reference reports and to provide data to the credit bureau.
Starting a Business: Zambia reduced the time required to start a business by revamping the company registry and creating a one-stop shop.
Registering Property: Zambia reduced the time required to register property by computerizing its land registry and by setting up a customer service center to eliminate the backlog of registration requests.
Paying Taxes: Zambia made paying taxes easier for companies through amendments to update, strengthen and remove ambiguities in the income tax law and to enhance the effectiveness of tax administration. Other changes reduced the depreciation allowance for capital equipment, introduced ring-fencing for capital expenditure on new projects and reduced the value added tax rate.
Dealing with Construction Permits: Zambia made dealing with construction permits easier by reducing the time required to obtain utility connections.
Labor Market Regulation: Zambia increased mandatory paid annual leave.