BDO Zambia Tax Services

BDO Zambia Tax Services

2 BDO Zambia - tax services We strive to exceed the standards of professionalism and care expected of us by our clients and we pride ourselves on our quality personal services We provide comprehensive, expert and timely tax compliance and advisory services to the business community throughout Zambia. We strive to exceed the standards of professionalism and care expected of us by our clients and we pride ourselves on our quality personal services.

BDO Zambia - tax services 3 ABOUT US BDO Zambia is a firm of public accountants, registered with the Zambia Institute of Chartered Accountants, providing audit, accounting, taxation, management and consulting services to some five hundred clients of varying sizes and needs. BDO Zambia is part of the BDO International network. In this booklet you will find information about BDO in Zambia and internationally, more about the tax services we offer, brief information about our partners and directors and where you can find us. Presently with six Partners and Directors and around 100 professional and administrative staff in our Lusaka, Kitwe and Livingstone offices the firm places particular emphasis on providing a personal and value for money service, through constructive and effective advice, financial planning and control. In addition to our own team of financial experts, the Firm has access to a number of qualified professionals providing advice on Human Resources Management, Economics, Legal Draftsmanship, Agriculture and Horticulture. We ve cut out needless bureaucracy, so we can serve you responsively and flexibly. Our systems work to support our people, not the other way around. That gives us more time to get to know you and your business and give more relevant, intelligent advice. With the backing of the BDO international network, we are able to combine global coverage with local knowledge. Our close relationship with BDO South Africa provides us with additional resources and expertise to meet business requirements in Zambia. The Partners, Directors and staff of BDO Zambia aim to establish the firm and its related specialised business entities as the preferred provider of Financial Services in the country. We have a commitment to total client service and we build an understanding of our clients businesses that allows us an active role in their success.

4 BDO Zambia - tax services...wherever you are in the world, BDO is close to your business. BDO INTERNATIONALLY BDO is the fifth largest accountancy network in the world. We have more than 55,000 people working out of 1,200+ offices in over 140 countries. BDO is a network of international member firms. All firms in the BDO network offer comprehensive local knowledge and experience within an international context, wherever you are in the world, BDO is close to your business. In Southern Africa, BDO has offices in South Africa, Namibia, Botswana, Mozambique, Zambia and Zimbabwe. Our vision is to be the leader for exceptional client service. This is not about trying to reinvent our profession s approach to service, but about doing things exceptionally well and delivering that consistently across the BDO network. We have demanding client service standards that all our firms must meet. Our people need to use their skills and experience to deliver the exceptional service our clients expect. That means offering a tailored service, believing in the importance of close personal relationships and listening carefully to and working with our clients to determine what exceptional clients service means to them. For us, exceptional client service is based on five key components: client needs, communication, commitment, people and value and these are the attributes that define BDO today. BDO is unlike other accounting organisations. We are different because BDO has a natural affinity for client rapport and is committed to the sustainable development of our clients businesses. BDO challenges the market model to provide a distinctively different option for clients. Our commitment to service excellence, professionalism and client satisfaction has positioned us securely as one of the leading accounting and consulting organisations in the world. BDO provides audit, risk assurance, tax, financial advisory and consulting services to private and publicly traded businesses, to governments and other public bodies and to nongovernmental organisations. The environment we create for our staff liberates their talent and motivates them to make quick, robust decisions, challenge clients when appropriate and give straight answers. Our commitment is to create unlimited growth by giving our people continuous opportunities and our client s unparalleled support.

BDO Zambia - tax services 5 Our Clients Our client base consists of public and private companies, partnerships, local subsidiaries of international quoted groups, individuals, NGOs and charities. Our clients are significant players in nearly all sectors of the Zambian economy, most notably tourism, agriculture, construction, trade, commerce and mining and include SABMiller, Parmalat, Sun International, BSI, Sasol and Airtel. Furthermore we have participated in a number of consultancy projects financed by the World Bank and USAID for various Government Ministries. Developing strong, personal relationships with our clients is at the forefront of our service approach. We have a partner-led approach, which delivers the highest quality of service by using short, functional chains of communications to aid decision-making. Clients benefit from our fresh thinking, constructive challenge and practical understanding of the issues they face. Developing strong, personal relationships with our clients is at the forefront of our service approach.

6 BDO Zambia - tax services OUR TAX SERVICES WE PROVIDE COMPREHENSIVE, EXPERT AND TIMELY TAX COMPLIANCE AND AD- VISORY SERVICES TO THE BUSINESS COMMUNITY THROUGHOUT ZAMBIA. We strive to exceed the standards of professionalism and care expected of us by our clients and we pride ourselves on our quality personal services. Our tax services team is equipped to deal with business and personal tax planning, as well as shareholder and owner issues and employment solutions. You can contact the following senior members of our team for more information regarding our Tax services. SPECIALIST ROLE EMAIL Debbie Nonde Director - Compliance debbie.nonde@bdo.co.zm Katrina Mabika Director - Advisory katrina.mabika@bdo.co.zm We have partners who lead specialist areas with a team committed to ensuring you receive the most up-to-date information relating to your tax needs. Whether you are a business or an individual, our teams give practical and direct advice, delivering solutions. Through our Tax Services, we are specialists in the registration of Income Tax, Pay As You Earn (PAYE), Value Added Tax (VAT) and Tax Payers Identification Numbers (TPIN), and the National Pensions Authority Scheme (NAPSA). Our qualified staff provides tax compliance, payroll administration and submission of VAT returns periodically. We also provide tax agency services for VAT Reverse charge compliance. A special advisory service we offer is assistance with tax investigations, helping to reduce the stress burden. BDO specialises in resolving all kinds of tax investigations, tax enquiries, tax disputes and conflicts with the Zambia Revenue Authority.

BDO Zambia - tax services 7 We strive to exceed the standards of professionalism and care expected of us by our clients and we pride ourselves on our quality personal services. Our core tax services include: Compliance Services Income tax, PAYE, NAPSA and VAT registrations Provisional tax returns Annual tax returns Tax Clearance applications WHT administration VAT Returns 3% turnover tax returns Workers compensation ABCEC Association registration for the construction Industry Business Tax Structuring acquisitions, disposal and corporate reorganisation. Tax compliance and administration Corporate tax consulting Property Tax Structuring commercial property transactions Property transfer tax Tax Agency for Foreign Service providers VAT registration and returns Invoicing preparation WHT administration Limited Deduction Direction applications Payroll services Comprehensive service for all aspects of your payroll Salary packaging for professional staff and expatriates Tax Health Checks Compliance checks for PAYE, VAT and income tax Advisory Services Tax planning proposal Tax investigations Transfer pricing Thin capitalization Research on tax issues Negotiating with the ZRA Appeals to Revenue Appeals Tribunal Registration with ZRA for charitable status Double tax relief advice Tax technical seminars Aimed at enhancing employees tax knowledge Other Services We are able to offer the following additional services in conjunction with a reputable consultant - Customs Duty Advice - Excise duty advice - Import VAT advice

8 BDO Zambia - tax services Other services BDO Zambia provides a wide range of financial and business services in addition to our tax offerings.

BDO Zambia - tax services 9 Our commitment to service excellence, professionalism and client satisfaction has positioned us securely as one of the leading accounting and consulting organisations in the world. These comprise of: Audit Services Accountants Reports Financial Reporting Advisory IFRS Compliance Risk and Advisory Services Regulatory Reporting Expenditure Verification Special Purpose Audits Royalties Covenant Reviews Turnover Certificates Environmental Reporting Technology Risk Business Outsourcing and Advisory Business Advisory Services Anti-bribery and Corruption Business Re-structuring Business Services Department Company Secretarial Corporate Finance Forensic Accounting Fraud and Financial crime Information and Communications Technology Systems and Advisory Investment Management Licenses and Permits Relating to Immigration and Business Pensions Risk and Advisory Services for Banks Services for Cooperating and Development Partners Services for NGOs/Non State Actors Share and Business Valuations Wealth Advisory Wills, Estates and Trusts For more information contact us by telephone or through our website, using the details provided on the back cover.

10 BDO Zambia - tax services YOUR BDO TEAM BDO ZAMBIA EMPLOYS AROUND 100 STAFF: SIX PARTNERS & DIRECTORS AND AROUND HUNDRED PROFESSIONAL AND ADMINISTRATIVE STAFF. Your BDO Team - our partners, directors and staff William Saunders is Senior Partner and a Fellow of the Zambia Institute of Chartered Accountants and the Institute of Chartered Accountants in England and Wales. He has been active in the Zambian sector for more than 30 years and has specific expertise in taxation, commerce, tourism, construction and agriculture. Doug Ironside Is Managing Partner and also an Audit Partner with the firm. He is a member of the Zambia Institute of Chartered Accountants and the Institute of Chartered Accountants in Scotland. He has worked in Zambia since 1986 and was Financial Director of Lonrho Africa Ltd s motor vehicle dealership interests in Zambia before joining BDO Zambia in 2001. He has significant knowledge and experience in preparation of business plans and evaluation of feasibility studies for various commercial sectors in Zambia. Moses Simbeye is a Director of BDO Zambia Business Advisory Services Ltd. He has an AAT Diploma, ACCA/CAT Diploma. He is a Licensed Immigration Consultant and is licensed by the Zambian Securities and Exchange Commission as a stockbroker and investment advisor. He has been with the firm since it was formed in 1997. Deborah Nonde, Tax Director Compliance, is a qualified ACCA graduate with extensive local and foreign tax experience in corporate and individual taxation. She sits on the Tax Committee of the Zambia Institute of Chartered Accountants. Deborah brings the added dimension of extensive accounting knowledge of the business environment in Zambia to providing practical business tax compliance solutions.

BDO Zambia - tax services 11 Katrina Mabika, Tax Director Advisory Services, is an experienced tax professional and an expert in both Zambian and international tax legislation. She is a member of the UK Chartered Institute of Taxation. She was previously Senior Tax Manager at Deloitte in Lusaka before establishing her own tax consulting business and later joining BDO Zambia. Godsave Nhekede, Audit Partner - A Fellow of ACCA and ZICA with over 13 years audit and financial management experience in Zambia and Zimbabwe. Audit experience ranges from energy and natural resource organizations, quasi government institutions, NGOs to public listed companies. A former President of ACCA Zimbabwe, Godsave also served for 3 years as a committee member for the same institution. Marsha Thurairatnam, Manager Business Services, specialises in management accounting and bookkeeping services. She holds a BSc in Accountancy and is a Fellow of the Association of Certified and Chartered Accountants and the Zambia Institute of Chartered Accountants. Marsha gained fourteen years of accounting experience in the UK and Zambia, (including valuable corporate sector experience as a Chief Accountant), before she joined BDO Spencer Steward Zambia in 2005. In Zambia she has also worked in the corporate sector as Chief Accountant and brings that private sector experience to her professional role at BDO. Jonathan Ambali joined BDO in 2002. He is Manager for Corporate Advisory and Restructuring and specialises in Corporate Secretarial Services. He holds an MBA and a BA and is licensed by the Zambian Securities and Exchange Commission as a stockbroker and investment advisor. Fanwell Luswili joined BDO Zambia in April 2006 as Manager of the Livingstone office. He moved from BDO Botswana where he worked for eight years. He was the Chief Operating Officer at the time of leaving. Fanwell holds an MBA (Finance) from De Montfort University in Leicester (November 2005). He started his career with Deloitte & Touche in 1976 after graduating with a BSc from the University of Zambia. He has over 25 years experience in accountancy, administration and is a Human Resources Management specialist. He is a member of the Institute of Directors of Zambia and is also involved in community and charity work through the Rotary Club of Livingstone. BDO Staff BDO Zambia employs around 100 staff: six partners & directors and around hundred professional and administrative staff. Staff are encouraged and supported in their studies, with a view to achieving professional qualifications, while being exposed to a broad spectrum of practical experience. BDO Zambia operates from offices in Lusaka, Kitwe and Livingstone. In 2006 we merged our tax practice with Pembroke Tax Services to form BDO Tax Services Ltd and in November 2009 we acquired the DCDM client portfolio in Zambia. As a result we now offer one of the most experienced audit and expert compliance and high-level advisory tax services in the country.

Contact us at: BDO Lusaka BDO Livingstone Counting House Square 21Obote Avenue Thabo Mbeki Road PO Box 60014 PO Box 35139 Livingstone Lusaka Zambia Zambia BDO Kitwe 32B Pamo Road Off President Avenue PO Box 20067 Kitwe Zambia Tel: +260 211 250222 Tel: +260 213 322828 Tel: +260 212 221550 Fax: +260 211 254623 Fax:+260 213 322929 Email: contact@bdo.co.zm Website: www.bdo.co.zm Email: bdolivingstone@zamnet.zm Website: www.bdo.co.zm Mobile: +260 955 221550 Email: fanwell.luswili@bdo.co.zm Website: www.bdo.co.zm BDO Zambia Audit Services, BDO Zambia Business Advisory Services Limited and BDO Zambia Tax Limited are affiliated to BDO Southern African Coordination (Pty) Ltd, a South African company, which is a member of BDO International Limited, a UK company limited by guarantee. BDO is the brand name for the BDO International network and for each of the BDO member firms.