According to the Income Tax (Amendment) Act No 20 of 2020, the following are the tax changes which affect the PAYE:
- Disability tax credit – Section 15(a)
The new tax credit for differently abled persons is K6 000, K500 per month.
- Tax table – Section 15(b)
Annual tax tables for 2021 tax year
|
From (K) |
To (K) |
Rate |
|
0,00 |
48 000,00 |
0% |
|
48 000,01 |
57 600,00 |
25% |
|
57 600,01 |
82 800,00 |
30% |
|
Above 82 800 |
37.5% |
|
The effective date for the changes above is 1 January 2021