According to the Companies Act No. 10 of 2017, no person can carry on business as a company, business name or incorporated entity in Zambia without registration with the Patents and Companies Registration Agency (PACRA), making registration the first legal gateway for any formal small and medium-sized enterprise (SME). The Act also provides for incorporation, annual returns and other compliance requirements, meaning that business owners must meet ongoing obligations beyond simply registering their enterprises. Meanwhile, further checks by the Zambian Business Times (ZBT) indicate that the Income Tax Act, Chapter 323, the Value Added Tax Act No. 4 of 2018...
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