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Zimbabwe Finance Bill (No. 2) 2019 Approved in Parliament

|Approved Changes|Zimbabwe
Zimbabwe

The Zimbabwe Parliament has reportedly approved the Finance (No. 2) Bill 2019. Some of the main measures include the following:

  • The individual income tax brackets are set as follows for employment income in ZWD per month:
    • up to ZWD 700 - 0%
    • over ZWD 700 up to 3,000 - 20%
    • over ZWD 3,000 up to 10,000 - 25%
    • over ZWD 10,000 up to 20,000 - 30%
    • over ZWD 20,000 up to 30,000 - 35%
    • over ZWD 30,000 - 40…

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