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RSM Zambia

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RSM Zambia

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RSM is a network of audit, tax, and consulting experts.

Our firm is here to advise you on a wide range of issues from audit and assurance, tax, risk advisory, IFRS, restructuring, transaction and business, and financial advisory solutions

10/09/2026

On 3rd August 2026, the Bank of Zambia (BoZ) cut the statutory reserve ratio from 26% to 21%, increasing the liquidity available within the banking system.

For business leaders and investors, this is more than a technical adjustment. It signals a potentially more supportive credit environment, greater lending capacity, and a shift in the direction of monetary policy

The change creates opportunities, but those opportunities will favour organisations that are prepared to act. Businesses should be reviewing their financing needs, working capital requirements, and investment plans as lending conditions evolve.

In our latest insight, Fredah Kangwa Muwowo explores what the reduction in the statutory reserve ratio could mean for businesses and investors, and how organisations can position themselves to respond to changing financing conditions.

At RSM, we help businesses navigate these changes through financing readiness, working capital advisory, feasibility planning, and tax strategy aligned with their broader objectives.

📖 Read the full article here: https://www.rsm.global/zambia/rsm-zambia-insights/boz-cuts-statutory-reserve-ratio-what-it-means-your-business

08/09/2026

The Zambia Revenue Authority (ZRA) has launched its Smart Invoice VAT Pilot Programme, which commenced on 1 September 2026, introducing significant changes to how VAT transactions are captured, reported and managed.

Under the Smart Invoice system, VAT returns are pre-generated using invoicing data captured through the platform. This places greater importance on the accuracy and completeness of information at the point of invoicing.

Businesses will need to pay particular attention to:

💠Invoice accuracy: Incorrect amounts, buyer TPINs or tax classifications may flow directly into pre-generated VAT returns.

💠Input VAT claims: Businesses will need to ensure that invoices received from registered suppliers are compliant Smart Invoices to support their input VAT claims.

💠Invoice corrections: Errors identified after issuance may require formal credit notes or manual adjustments, making effective invoice controls increasingly important.

The launch of Smart Invoice presents an opportunity for businesses to review their VAT processes, strengthen data controls, and ensure their invoicing and accounting systems are aligned with the new requirements.

RSM Zambia is ready to support businesses in reviewing their processes, validating customer and supplier data, reconciling pre-generated VAT returns, and aligning their VAT compliance processes with the new Smart Invoice requirements. To find out how we can assist, visit us at: https://www.rsm.global/zambia/service/tax

07/09/2026

As organisations grow, so do their workforce, policies, processes, and employment obligations. Without regular reviews, gaps in HR documentation, employment practices, and compliance can go unnoticed, creating unnecessary operational and regulatory risks.

An HR audit provides an opportunity to take a closer look at how effectively your organisation’s people practices align with employment legislation, internal policies, and organisational objectives.

At RSM Zambia, we help organisations assess their HR practices, identify compliance gaps, strengthen policies and processes, and address areas of potential risk.

Because effective HR compliance isn't just about meeting requirements. It's about creating a structured, fair, and resilient workplace that supports both your people and your business.

Start the conversation with our specialists: https://www.rsm.global/zambia/service/hr-consulting

03/09/2026

Great leadership comes down to three things: clarity, empathy, and accountability.

When these are present, teams feel valued and motivated to do more, and clients enjoy a consistent, high-quality, responsive experience.

At RSM, we believe this is the standard every leader should hold themselves to. These are the words of Masa Mwale, Head of Audit at RSM Zambia, and a belief we put into practice every day.

21/08/2026

We are thrillled to welcome our new team members to RSM Zambia! With their expertise, we look forward to an exciting journey ahead, filled with growth, collaboration, and success.

Welcome aboard, Nyachipango Kambita and Joseph Yumba! 🎉

20/08/2026

Fraud prevention starts with recognising that fraud doesn't always involve a multimillion-dollar scheme. More often, it begins with small amounts and everyday behaviours that can easily be overlooked, but gradually add up to significant losses.

As businesses grow, so can their exposure to fraud. Trusted insiders, weak controls, rapid growth, and emerging technologies can create new risks that organisations need to be prepared to identify and manage.

At RSM Zambia, we help organisations strengthen internal controls, identify vulnerabilities, and develop effective risk management strategies to protect their operations, finances, and reputation.

Because preventing fraud isn't just about protecting money. It's about protecting trust, strengthening resilience, and safeguarding the future of your business. Start the conversation today: https://www.rsm.global/zambia/service/risk-advisory

19/08/2026

IAS 1 retires. IFRS 18 opens the ledger.

A new presentation standard is reshaping how organisations tell the story of their financial performance, and the changes run deeper than they first appear.

From 1 January 2027, IFRS 18 will introduce:

• A mandatory operating profit subtotal.

• New income classifications across operating, investing, and financing activities.

• Audited disclosure for Management-defined Performance Measures (MPMs), meaning metrics like adjusted EBITDA now enter the audited financial statements.

Recognition and measurement stay the same. Only how you present performance changes.

Here's why the timing matters: comparative-period data collection begins January 2026, and ZICA is encouraging early adoption ahead of the deadline. Preparing your systems, chart of accounts, and finance teams takes longer than the 2027 date suggests.

Our five-phase approach, developed by Fredah Muwowo and John Mwale, guides you from a readiness diagnostic through to a full dry run, so you’re confident well before your first IFRS 18 close.

Download the full memo here: https://www.rsm.global/zambia/reports/ifrs-18-coming-are-you-ready

14/08/2026

Sometimes the smallest gestures make the biggest difference. 🍽️

Last Friday, we surprised our audit team with lunch, a simple thank you for their dedication during one of the busiest times of the year.

Busy season asks a lot of our people, and moments like these remind us why recognition matters. When we take care of each other, we do our best work together.

To our audit team: thank you for your hard work, energy, and commitment. We see you, and we appreciate you. 💙

13/08/2026

Please note that our office will be closed today as our team takes time to exercise their right to vote.🗳️

At RSM Zambia, we believe in supporting our people to participate in the democratic process and make their voices heard.

Thank you for your understanding.

12/08/2026

𝐉𝐨𝐡𝐧 𝐌𝐰𝐚𝐥𝐞 𝐚𝐩𝐩𝐨𝐢𝐧𝐭𝐞𝐝 𝐚𝐬 𝐀𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐞 𝐃𝐢𝐫𝐞𝐜𝐭𝐨𝐫 – 𝐀𝐮𝐝𝐢𝐭 𝐚𝐧𝐝 𝐀𝐬𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐚𝐭 𝐑𝐒𝐌 𝐙𝐚𝐦𝐛𝐢𝐚

We are delighted to welcome John Mwale (FCCA, FZICA) to RSM Zambia as Associate Director – Audit and Assurance.

John brings more than a decade of local and international experience across audit, advisory and financial reporting. His career includes senior leadership roles at BDO Zambia and nearly four years at BDO USA LLP in New York, where he led engagements across mining, banking, energy, agriculture and internationally listed companies.

“We are delighted to have John on board and wish him every success in his new role,” said Given Ian Ncube, Managing Partner, RSM Zambia.

John’s appointment reflects our continued commitment to strengthening our audit and assurance practice and delivering exceptional value to our clients.

Please join us in welcoming John to the firm.

Read more about this appointment: https://www.rsm.global/zambia/news/rsm-zambia-appoints-john-mwale-associate-director-audit-and-assurance

Address

Ground Floor, Mount Meru Building, Zambezi Road
Lusaka
10101

Opening Hours

Monday	08:00 - 17:00
Tuesday	08:00 - 17:00
Wednesday	08:00 - 17:00
Thursday	08:00 - 17:00
Friday	08:00 - 17:00

Telephone

+260211258705

Website

https://www.rsm.global/zambia/

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