Tag Archives | compliance
At the end of June 2013, the Zambian Government issued Statutory Instrument 55 of the Bank of Zambia (Monitoring of Balance of Payments) Regulations, 2013. The new SI 55 came into effect on the 1st of July 2013. The regulations are applicable to a number of parties including financial service providers licensed under the Banking and Financial services act, any importer of goods or services exceeding US$20 000, foreign investors and local investors who invest outside Zambia, to name a few.
In June 2013, the Uganda 2013-14 Budget was presented in Parliament. Uganda Budget Brief is a general guide summarising some of the main features of the proposed Budget, including Economic and Budget commentary, and Tax Highlights.
The Bank of Zambia has recently issued new banking regulations in the form of Statutory Instruments 32 and 35 of 2013. The regulations deal mostly with the monitoring of foreign exchange dealings i.e. inflows and outflows in Zambia by the Bank of Zambia.