Taxes on income, profits and capital gains in Zambia
Zambia: Taxes on income, profits and capital gains was 35.1% in 2024. ▲ Rising
Taxes on income, profits and capital gains in Zambia, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on income, profits and capital gains in Zambia is 35.1%, measured in 2024.
That represents a change of up 14.6% on the previous year and up 1.5% over ten years.
Over the whole period, taxes on income, profits and capital gains in Zambia peaked at 42.6% in 2002 and was at its lowest, 25.0%, in 1993.
That places Zambia 27th out of 153 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 34 years of available data.
Taxes on income, profits and capital gains in Zambia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 39.5% | — |
| 1991 | 30.6% | -22.4% |
| 1992 | 30.9% | +0.9% |
| 1993 | 25.0% | -18.9% |
| 1994 | 28.2% | +12.4% |
| 1995 | 26.8% | -5.0% |
| 1996 | 31.5% | +17.7% |
| 1997 | 32.1% | +2.0% |
| 1998 | 25.9% | -19.5% |
| 1999 | 25.9% | +0.1% |
| 2001 | 35.8% | +38.3% |
| 2002 | 42.6% | +18.9% |
| 2003 | 33.2% | -22.0% |
| 2004 | 31.8% | -4.2% |
| 2005 | 30.1% | -5.3% |
| 2006 | 35.3% | +17.2% |
| 2007 | 28.9% | -18.2% |
| 2008 | 32.8% | +13.5% |
| 2009 | 34.7% | +5.8% |
| 2010 | 39.8% | +14.8% |
| 2011 | 37.5% | -5.8% |
| 2012 | 42.4% | +13.0% |
| 2013 | 35.5% | -16.4% |
| 2014 | 34.6% | -2.4% |
| 2015 | 33.6% | -2.9% |
| 2016 | 34.0% | +1.3% |
| 2017 | 33.1% | -2.8% |
| 2018 | 36.0% | +8.7% |
| 2019 | 37.2% | +3.6% |
| 2020 | 40.8% | +9.7% |
| 2021 | 39.0% | -4.4% |
| 2022 | 37.0% | -5.3% |
| 2023 | 30.6% | -17.2% |
| 2024 | 35.1% | +14.6% |
Zambia compared with similar countries
- Zambia's 35.1% is above the median for lower middle income countries, which is 25.8%, 1.4× the median. (35 countries reporting)
- Zambia's 35.1% is above the median for Sub-Saharan Africa, which is 25.5%, 1.4× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 29.6% | 25.0% | 39.5% | 10 |
| 2000s | 33.9% | 28.9% | 42.6% | 9 |
| 2010s | 36.4% | 33.1% | 42.4% | 10 |
| 2020s | 36.5% | 30.6% | 40.8% | 5 |
Countries ranked near Zambia
- 24 Luxembourg 35.6% compare
- 25 Netherlands 35.5% compare
- 26 Mali 35.4% compare
- 28 Israel 35.1% compare
- 29 India 34.8% compare
- 30 Philippines 34.7% compare
More public sector data for Zambia
- Arms imports 1.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.0469 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -80 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 16.4 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0138 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -7.29 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 349.67 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 6.73 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in Zambia?
- Taxes on income, profits and capital gains in Zambia was 35.1% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Zambia?
- The highest recorded value was 42.6% in 2002.
- What is the lowest taxes on income, profits and capital gains recorded in Zambia?
- The lowest recorded value was 25.0% in 1993.
- How does Zambia rank for taxes on income, profits and capital gains?
- Zambia ranks 27th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Zambia?
- Over the last ten years it is up 1.5%. The long-run trend across the full record is rising.
- Where does this Zambia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on income, profits and capital gains (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.