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  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…)