The Insurance Premium Levy (Amendment) Bill No. 28 of 2024
Date of Introduction: 30th October 2024
Responsible: Solicitor General
Committee Responsible: Committee National Economy, Trade and Labour Matters.
Deadline for Submission of Comments: 21st November 2024
Contacts for submission of Comments: Email ZambiaLII; Email National Assembly or Visit the National Assembly Submission Portal
Issues addressed: The Insurance Premium Levy (Amendment) Bill No. 28 of 2024 seeks to amend the Insurance Premium Levy Act, 2015.
The Bill seeks to strengthen compliance by providing for the use of an electronic invoicing system.
The Bill proposes that section 4 of the principal Act should read “An insurer, an insurance agent or a broker shall use an electronic invoicing system to record a payment of the levy and issue a tax invoice generated by the electronic invoicing system to a person that pays the levy.”
Read the Bill.