Following the promulgation of the Finance Act, 2023, the Zimbabwe Revenue Authority (ZIMRA) has released the new tax tables.
The new tax tables are effective from 1 January 2024.
No changes were made to the USD tax tables.
Click here to access the Finance Act.
Tax Table Changes 2024
The new thresholds and rates, as set out below, are applicable from 1 January 2024.
Annual Tax Tables in ZWD:
| Lower Income Limit | Upper Income Limit | Income Threshold | Marginal Rate | Tax on Threshold |
| 0.00 | 9 000 000.00 | 0.00 | 0.00% | 0.00 |
| 9 000 000.00 | 27 000 000.00 | 9 000 000.00 | 20.00% | 0.00 |
| 27 000 000.00 | 90 000 000.00 | 27 000 000.00 | 25.00% | 3 600 000.00 |
| 90 000 000.00 | 180 000 000.00 | 90 000 000.00 | 30.00% | 19 350 000.00 |
| 180 000 000.00 | 270 000 000.00 | 180 000 000.00 | 35.00% | 46 350 000.00 |
| 270 000 000.00 | 9 999 999 999.00 | 270 000 000.00 | 40.00% | 77 850 000.00 |
No changes were made to the USD tax tables.
Impact of the Zimbabwe Tax Table Changes 2024 on PaySpace
- The new tax tables are effective 1 January 2024.
- All Zimbabwe local payrolls have been recalculated.
- No other statutory changes were announced.
Should you have any questions regarding the
Zimbabwe Tax Table Changes 2024
, please feel free to visit our Support page for more ways to get in touch, or email us at [email protected]
The PaySpace Team