Tag: budget

Pay as You Earn Calculator – Zambia

Update (January 12, 2018): (1) New NAPSA ceiling is ZMW 995.00. (2) Tax relief for pension contributions removed 🙁 (see budget speech).

There has been a lot of hype [1, 2, 3] about Zambia’s supposedly “Pro-Poor” 2012 budget… and rightfully so –it is perhaps the one most significant piece of evidence linking the Patriotic Front [4] to their Socialist agenda. The one thing everyone seems to be talking about though is the new PAYE Tax bands; and effective April 1, 2012 the new personal tax rates in Zambia be as depicted in table below. (more…)