The MSI file for Zimbabwe has been updated to include the following new legislative changes as per Zimbabwe's Act No. 7 of 2021 Finance Act, and is available for download on the Download Manager.
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Tax tables - See Section 6
The tax tables for the various tax periods in both the local(RTGS/ZWL) and foreign currency(USD).
Effective 1 January 2022.
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Bonus exemption – See Section 13(d)
The tax-free bonus has increased to ZWL100 000 (USD700).
Effective 1 November 2021
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Exemption for retrenchment packages, severance pay, gratuity or similar benefit – See Section 13(e )
The exemption is ZWL400 000(USD3200) or 1/3 of the package up to max of ZWL2 000 000(USD15 100).
Effective 1 January 2022.
Please view our Uninstall and Reinstall your Zimbabwe MSI guide here: Knowledgebase article