VAT on the imported goods is charged and payable at the time custom duty, tax or levy in accordance with the custom law. Any person whose taxable turnover exceeds or the person has reason to believe will exceed the turnover of 20million per annum must apply to register. Reinmbursement to the employee for business expenditure inccured by the employee for offficial purposes are taxed. Expatriates are exemped if they an prove that they are part of a similar scheme elsehwhere. Payroll levy is 4 percent of gross emoluments.
Depreciation is computes at a straight line basis following Classes.
Avoidance of Double tax treaties exists with Canada, Finland, India, Italy, Zambia, Norway and Sweden. Final returns should be filled within nine months after the end of the financial year. If the difference between the two returns is more than 20 percent, a penalty of 1.5 percent per month is levied for a maximum of 15 months. Both specific and ad valorem rates are applied depending on the types of goods. Sales Tax on professional services is 10 percent.