Zambia Compliance Report

Regulatory Overview

Regulatory Status

Regulators have not addressed crypto; legal status ambiguous

Key Regulator(s)

**Regulatory Warnings

Primary Legislation

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Travel Rule

Not adopted

Tax Reporting

**Zambia's CGT Context:** Zambia abolished standalone Capital Gains Tax in 1999. Instead, gains arising from the disposal of **specified assets** are subject to tax under the Income Tax Act. These specified assets primarily include:. Immovable property (land and buildings). Shares in unlisted companies. **Application to Cryptocurrency:** Cryptocurrency is **not explicitly listed** as one of the specified assets subject to capital gains tax under the Income Tax Act.. **Implication for Investors:** For individuals holding cryptocurrency as a long-term investment, the direct application of a "capital gains tax" in the traditional sense is not straightforward under current Zambian law, as it's not a specified asset.

Key Facts

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