Zimbabwe | Budget 2025

Zimbabwe | Budget 2025

On November 28, 2024, the government of Zimbabwe announced new tax measures as part of the 2025 National Budget presentation. Key updates affecting payroll include an increase in the local currency tax-free threshold, increasing it to ZiG 2,800 per month and a revision of personal income tax bands. These changes will come into effect on January 1, 2025.

Proposed Personal Income Tax Rates:

Monthly Taxable Income in ZiG

Tax Rate (%)

0 to 2 800

0%

2 801 to 8 400

20%

8 401 to 28 000

25%

28 001 to 56 000

30%

56 001 to 84 000

35%

Above 84 000

40%


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