Zambia: Income Tax (Amendment) Act, 2022

Zambia: Income Tax (Amendment) Act, 2022

The Income Tax (Amendment) Act, 2022 assented on 23 December 2022. This Act shall come into operation on the 1st of January, 2023. 

Changes included an Increase to the exemption threshold for Pay As You Earn (PAYE) to K4,800 per month from K4,500, reduce the marginal tax rate for the second income bracket to 20 percent and adjust the income bands accordingly.

Increase tax credits for persons with disabilities to K600 from K500 per month.


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