*9 Tips to Avoid Taxes – A Guide for Investment Clubs in Zambia*

 

 

*#*  register a company. Do IP licensing.

 

*#*  have another company. Call this the holding company.

 

*#*  do cross company loans, with return on investment, not return on investment free. Dent loading. This would be called loan sharking if done by that property agent turned money lender we all know in Kampala.

 

*#*  transfer part of your income to your sons (think trump and his dad), or spouse or relatives.

 

*#*  take advantage of tax credits.

 

*#* let the company pay all your expenses. put all expenses on the company, from rent, to morgages, to bodaboda, scooter, or tuktuk payment, to fuel, to lunch, to children fees.

 

*#*  all your expenses.

 

*#*  register another company in a tax haven, they are 50 of them, all countries. It only costs, KES. 8M. for instance, Africa charges 30% income tax, cayman charges less than 7.5%, so, go cayman.

 

*#*   do transfer pricing, meaning, let one entity you own buy items and sell to your other entity at high price, like stan limited south Africa selling mobile app technology to stan limited Africa at 97% of cost, hence, reduced profit, so, almost zero taxable profits. This would be otherwise called money laundering.

 

*#*  do investments. Income from investment gets less taxes. Capital gains, withholding taxes, and royalty taxes are all below 30% in Africa.

 

*#*   invest in pension assets. Tax exempted vehicles.

 

*#*   take little income. Let other uses of money be used as expenses. Pay tax after spending. Holydays are expenses.

 

*#*   maximise tax allowance provisions, in capital gains, and other areas.

 

*Twende.store, Creating jobs for youths in africa, one bodaboda at a time!*

 

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ZANAICA is promoted and hosted by Twende, an on-demand platform and Zambia’s first superapp, that also offers motorcycles (bodabodas) and tricycles (tuktuks), on lease to own, hire purchase model. Twende promotes investment clubs as an initiative to promote savings and investment culture in Zambia. To get free investment club training, do not hesitate to contact us on facebook at https://wa.me/+254103242604, or https://chat.whatsapp.com/HNosGG0OmdWHvXnFHVSLoh or email us at zanaica@twende.store or visit Twende offices at Manda Hill, Plot 271/C.