Zambia Adopts Smart Invoice for Tax Compliance

Zambia is revolutionizing tax compliance with the introduction of the Smart Invoice system. Starting July 1, 2024, all VAT-registered businesses must adopt this software-based solution, replacing the current Electronic Fiscal Devices (EFDs). 

Key Highlights:

• Comprehensive Coverage: Applies to VAT, Sales Tax, Rental Income, IPL, Tourist Tax, and Local Electricity Consumption Tax.

• Real-Time Data Transmission: Ensures accurate and timely reporting to the Zambia Revenue Authority (ZRA).

• Enhanced Features: Provides robust inventory management and seamless integration with existing ERP systems.

Important Steps:

Stay Compliant: Familiarize yourself with the new invoicing requirements and integrate the necessary software.

Register and Validate: Ensure your business is registered and validated with the ZRA.

Download VSCD Module: Enable data transmission between your ERP system and the Smart Invoice server.