Zambia vs Nicaragua
Tax Rate Comparison
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Individual Income Tax (Top Marginal Rate)
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🇿🇲 Zambia — Council & Local Authority Taxes
Zambia's 10 provinces and 117 district councils levy property rates, business levies, and market fees. The Zambia Revenue Authority (ZRA) administers all national taxes. Zambia is a major copper producer — copper revenues and royalties are key fiscal inputs. The country completed an IMF-backed debt restructuring in 2023 after defaulting in 2020. Mineral royalty taxes are significant: copper 5.5% (open cast) to 8.5% (underground). The government has been diversifying the tax base away from mining dependence.
🇳🇮 Nicaragua — Municipal Taxes
Nicaragua's 153 municipalities levy the Impuesto de Matrícula (2% of prior revenues), Impuesto Municipal sobre Ingresos (IMI at 1% of monthly revenues), property tax (IBI at 1%), and service fees. Nicaragua under Ortega government has faced significant economic disruption from 2018 protests and subsequent international isolation. The economy has stabilized somewhat but remains one of the poorest in Central America. Tax administration reform has been ongoing with support from international institutions.
Zambia vs Nicaragua: Key Tax Differences (2026)
💰 Income Tax: 🇿🇲 Zambia has a higher top income tax rate (0–37.5% vs 0–30%). 🇳🇮 Nicaragua is more favourable for high earners.
🛒 VAT/Sales Tax: Zambia has a higher consumption tax (16% vs 15%).
🏢 Corporate Tax: Corporate rates are similar in both countries (30% vs 30%).