Zimbabwe: Finance Act ZWL tax table changes

Zimbabwe: Finance Act ZWL tax table changes

Following the promulgation of the Finance (No. 2) Act, 2022, the ZWL tax threshold has increased from ZWL 900,000 to ZWL 1,1 million along with consequential amendments to the tax bands, with effect from 1 January 2023.

No changes in USD tax thresholds were announced.
    • Related Articles

    • Zimbabwe – Promulgation of Finance Act 2023

      Following the promulgation of the Finance Act, 2023, the following are a summary of changes affecting payroll: the ZWL tax threshold has increased from ZWL 750 000.00 per month to ZWL 9 000 000.00 per month, and adjust the tax bands to end at ZWL270 ...
    • Zimbabwe: Review of ZWL PAYE tax tables

      As per the Public Notice No. 51/2023, issued on 10 August 2023, the Zimbabwe Revenue Authority (ZIMRA) wishes to advise its valued taxpayers that the Minister of Finance and Economic Development has reviewed local currency employment tax bands and ...
    • Zimbabwe | Finance Bill 2024

      The Zimbabwe Finance Bill, 2024, introduces the following key changes: Amendments to the Reserve Bank Act to recognize the new local currency, Zimbabwe Gold (ZWG), as legal tender, which was introduced on April 5, 2024, through the Presidential ...
    • Kenya: Finance Bill, 2023 proposed tax changes

      The National Treasury tabled the Finance Bill, 2023 before the National Assembly on Thursday, 04 May 2023. Some of the notable changes include the introduction of a new 35% tax rate for income above KES 500,000 per month, a limited tax-free mileage ...
    • Zimbabwe: Finance Act, 2022 (No. 8 of 2022)

      Following the 2022 Mid-Term Budget and Economic Review & Supplementary Budget Speech, after much delay, the Finance Act, 2022 Act No. 8 of 2022 brings the following amendments into effect for the 2022 tax year: Update in the tax tables for ZWL (for ...