Taxes on income, profits and capital gains in Zambia
Zambia: Taxes on income, profits and capital gains was 47.0% 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 total taxes.
Analysis
Zambia recorded 47.0% for taxes on income, profits and capital gains in 2024.
The figure is up 0.9% on the previous year and up 14.4% over ten years.
Over the whole period, taxes on income, profits and capital gains in Zambia peaked at 57.2% in 2022 and was at its lowest, 31.3%, in 1994.
That places Zambia 41st out of 153 countries with data for 2024, putting it in the middle of the range.
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 total taxes | Change |
|---|---|---|
| 1990 | 41.9% | — |
| 1991 | 35.4% | -15.5% |
| 1992 | 41.5% | +17.2% |
| 1993 | 33.9% | -18.3% |
| 1994 | 31.3% | -7.8% |
| 1995 | 31.4% | +0.5% |
| 1996 | 34.7% | +10.4% |
| 1997 | 33.6% | -3.1% |
| 1998 | 37.1% | +10.4% |
| 1999 | 34.7% | -6.6% |
| 2001 | 37.9% | +9.4% |
| 2002 | 43.4% | +14.4% |
| 2003 | 46.4% | +6.8% |
| 2004 | 44.3% | -4.5% |
| 2005 | 43.7% | -1.4% |
| 2006 | 45.7% | +4.7% |
| 2007 | 44.4% | -3.0% |
| 2008 | 44.0% | -0.9% |
| 2009 | 48.9% | +11.2% |
| 2010 | 51.5% | +5.4% |
| 2011 | 53.7% | +4.3% |
| 2012 | 52.1% | -2.9% |
| 2013 | 43.7% | -16.1% |
| 2014 | 41.1% | -6.0% |
| 2015 | 46.3% | +12.7% |
| 2016 | 50.5% | +9.0% |
| 2017 | 43.1% | -14.7% |
| 2018 | 44.3% | +2.8% |
| 2019 | 46.3% | +4.7% |
| 2020 | 52.9% | +14.2% |
| 2021 | 56.7% | +7.2% |
| 2022 | 57.2% | +0.8% |
| 2023 | 46.6% | -18.5% |
| 2024 | 47.0% | +0.9% |
Zambia compared with similar countries
- Zambia's 47.0% is above the median for lower middle income countries, which is 35.7%, 1.3× the median. (35 countries reporting)
- Zambia's 47.0% is above the median for Sub-Saharan Africa, which is 33.6%, 1.4× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 35.6% | 31.3% | 41.9% | 10 |
| 2000s | 44.3% | 37.9% | 48.9% | 9 |
| 2010s | 47.3% | 41.1% | 53.7% | 10 |
| 2020s | 52.1% | 46.6% | 57.2% | 5 |
Countries ranked near Zambia
More public sector data for Zambia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is taxes on income, profits and capital gains in Zambia?
- Taxes on income, profits and capital gains in Zambia was 47.0% 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 57.2% in 2022.
- What is the lowest taxes on income, profits and capital gains recorded in Zambia?
- The lowest recorded value was 31.3% in 1994.
- How does Zambia rank for taxes on income, profits and capital gains?
- Zambia ranks 41st 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 14.4%. 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 total taxes). 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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.