AUGUST 2022 – ZIMBABWE MID-TERM BUDGET SPEECH & THE FINANCE BILL, 2022 It is important that employers note the following: Finance Bill, 2022 finalised to incorporate tax changes with effect 1 August 2022 Following the mid-term budget speech of 28 July 2022, the Finance Bill, 2022 was finalised and gazetted on 26 August 2022. This...
JULY 2022 – ZIMBABWE NSSA INSURABLE EARNINGS CEILING It is important that employers note the following: Pension and Other Benefits Scheme (POBS) contributions The National Social Security Authority (NSSA) has published the new maximum amount of monthly insurable earnings for July, August and September 2022. The new maximum amount of monthly insurable earnings in respect...
APRIL 2022 – ZIMBABWE NSSA INSURABLE EARNINGS CEILING It is important that employers note the following: Pension & Other Benefits Scheme (POBS) contributions The National Social Security Authority (NSSA) has published the new maximum amount of monthly insurable earnings for April, May, and June 2022. The new maximum amount of monthly insurable earnings in respect...
DECEMBER 2021 – ZIMBABWE NSSA INSURABLE EARNINGS CEILING It is important that employers note the following: Pension and Other Benefits Scheme (POBS) contributions The National Social Security Authority (NSSA) has published the new maximum amount of monthly insurable earnings for December. The new maximum amount of monthly insurable earnings in respect of which contributions...
JUNE 2021 – NIGERIA | UGANDA | ZIMBABWE LEGISLATIVE NOTICES It is important that employers note the following:NIGERIA Naira-denominated tax returns The Federal Inland Revenue Service (FIRS) has introduced an e-filing tax administration solution (TaxPro-Max) platform to enable smooth registration, filing, payment and automated credits of withholding tax and other credits to taxpayers’ accounts....
DECEMBER 2020 – ZIMBABWE 2021 TAX CHANGES ENACTED BY FINANCE BILL It is important that employers note the following: Finance (No. 2) Bill 2020 enacted Zimbabwe’s Minister of Finance and Economic Development approved the Finance Bill ahead of other amendments. These amendments will give effect to various fiscal measures mentioned by the Minister of Finance...
FEBRUARY 2020 – ZIMBABWE PAYMENT OF TAX IN FOREIGN CURRENCY It is important that employers note the following: Zimbabwe Revenue Authority (ZIMRA) Public Notice ZIMRA has issued a public notice regarding payment of tax in foreign currency. Businesses trading in both RTGS$ and foreign currencies are required to pay taxes in foreign currency. Section 4A...
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...
