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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...

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...

  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....

CRS News Flash 15 January 2020 – MALAWI & ZIMBABWE – Tax Changes

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...

CRS News Flash 25 September 2019 – ZIMBABWE – Tax Changes

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...

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