Tax amnesty programme extended by two years

The government’s tax amnesty programme has been extended by two more years, until the end of October 2026.

Finance minister Iipumbu Shiimi announced this in the National Assembly on Wednesday.

The tax amnesty programme was due to end on 31 October 2024.

Shiimi, while delivering his mid-term budget review statement in parliament, said the finance ministry has received numerous calls from various sectors for an extension of the tax amnesty programme, under which penalties and interest on tax debts are written off if taxpayers have paid their tax debts in full.

“In line with our commitment to strike a balance between collecting revenue and boosting the investment climate, we hereby extend the tax amnesty programme by another two years until 31 October 2026,” Shiimi said.

Shiimi said the extension has considered the two years of the Covid-19 pandemic, which significantly reduced the income of many taxpayers.

“The relief value proposition remains unchanged, that is, interest and penalties will be fully written off if outstanding capital is fully settled before 31 October 2026. Again, I would like to reiterate that this is the final extension of this programme, and we urge all concerned taxpayers to participate before the due date,” Shiimi said.