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Zimbabwe Tax Table Changes 2024

Zimbabwe Tax Table Changes 2024

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.

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Zimbabwe Tax Table Changes 2024

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The PaySpace Team