As for the early media coverage, its the windfall tax abolition that is making early noise :
....Musokotwane said the government reduced the windfall tax after consultations with foreign mining firms, which have complained of higher taxes, high electricity tariffs and fuel prices and falling global metals prices...
"In light of the impact of the global crisis on the mining sector, I propose the following refinements, to remove the windfall tax and retain the (15 percent) variable tax, which will still capture any windfall gains that may arise in the sector," Musokotwane said.
Musokotwane said the government would cut duty for heavy fuel oils from 30 percent to 15 percent and to remove customs duty on copper powder, copper flakes and copper blisters.
"These measures will reduce the operating costs of mining companies as well as encourage the utilization of local smelting capacity," Musokotwane said.
The move is seen as part of efforts to save jobs. Zambia's Luanshya Copper Mines (LCM) laid off all of its 1,740 miners after halting operations in November after copper prices fell. Prices have plunged 65 percent since record highs last July.....
....Zambia introduced the windfall tax last April during the commodity boom. It also introduced the 15 percent profit variable tax on income above eight percent. In moves backed by the International Monetary Fund, the country also raised mineral royalty to 3.0 percent from 0.6 percent and corporate tax to 30 percent from 25 percent.
And here goes the main tax changes :
2009 Budget Highlights