Ndlovu the CEO and sole shareholder of Trade Queens limited who's turnover is below K800 000.00 current threshold pa, and is fully incorporated in Zambia. During the tax year 2021, Trade Queens Taxable income was K200 000.00
a) Compute the tax liability for the year 2021 of Trade Queens?
b) How much was Ndlovu dividends for the year?
c) Will Ndlovu be required to pay any tax as an individual? if yes? How much?
d) Is there any feature of double taxation in this case? if yes? Explain clearly.

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a The tax liability for Trade Queens for the year 2021 is calculated by applying the corporate incom... View the full answer