Preferential Policy
In December 2020, the cabinet of the Zambian government approved the Jiangxi Economic Cooperation Zone in Zambia as a multi-functional economic zone, and introduced a series of major tax preferential policies for the multi-functional zone:
Exemption from import duties
Enterprises import capital machinery and equipment and enjoy zero import tariff within five years.
Exemption from corporate income tax
The enterprise shall be exempted from income tax on export business within ten years from the beginning of operation.
Exemption from dividend income tax
The enterprise shall be exempted from income tax on dividends on profits from export business for 10 years from the beginning of operation.
The cooperation zone provides rent reduction and exemption policies for enterprises entering the park; enterprises entering the park and their shareholder enterprises can obtain the qualification of qualified suppliers of the seven shareholder units in the cooperation zone first. Enterprises in the park can also enjoy accelerated depreciation of capital machinery and equipment, work permit facilitation services, and preferential policies for specific industries.
Foreign investors with an investment of not less than US $500000 and local investors with an investment of not less than US $50000 can enjoy the following preferential policies for investment in the multi-functional park:
1. Enterprises in the park import capital machinery and equipment, and enjoy zero import tariff within five years;
2. Accelerated depreciation of capital machinery and equipment of enterprises in the park;
3. The enterprise shall be exempted from income tax on dividends from export business profits for 10 years from the beginning of operation;
4. The enterprise shall be exempted from export income tax within 10 years from the beginning of operation, and shall be levied at 50% for 11-13 years, and at 75% for 14-15 years;
5. Corn starch processing enterprises, 2023-2033 in the local corn starch sales profit income tax is zero. 2034 to 2036. Tax profits from corn starch sales at 50% of the corporate income tax rate; 2037-2038. Tax at a rate of 75 per cent; 2023-2033, local corn starch sales profits dividends are exempt from withholding tax;
About Us：
As the first overseas economic and trade cooperation zone of Jiangxi province, Zambia Jiangxi Economic Cooperation Zone is jointly built by 7 enterprises of Jiangxi Province and serves as an important platform for promoting international production capacity cooperation.
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CONTACT US
TEL：260777777028 (Bob Fu)
E-mail：mfez@cjic.cn
Address：Farm 2112, Great North Road, Chibombo, Central Province, Zambia
Links:CHINA JIANGXI INTERNATIONAL ECONOMIC & TECHNICAL COOPERATION CO., LTD | Jiangxi Copper Group Co., Ltd. | Xinyu Iron & Steel Group Co., Ltd. | Jiangxi State-owned Capital Operation Holding Group Co., Ltd. | Jiangxi Wannian Qing Cement Co., Ltd. | Jiangxi Province Consulting Investment Group Co., Ltd. | Jiangxi Dacheng State-owned Assets Management Group Co., Ltd.
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