JANUARY 2020 – MALAWI & ZIMBABWE IMPORTANT TAX CHANGES It is important that employers note the following: MALAWI Changes to PAYE Rates A public notice was released by Malawi Revenue Authority with the new tax rates proposed in the 2019/2020 Budget Statement. The Malawi government has increased the PAYE tax-free bracket to MK45,000 from MK35,000...
SEPTEMBER 2019 – ZIMBABWE CURRENCY REFORMS AND TAX CHANGES It is important that employers note the following: Changes to tax rates due to currency reforms Currency reforms Statutory Instrument (SI) 142 of 2019, published as part of the Reserve Bank of Zimbabwe (Legal Tender) Regulations 2019, declares that the Zimbabwean dollar will be the sole...
