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On Friday, 05 April 2024, Zimbabwe launched a new gold-backed currency called The Zimbabwe Gold (ZiG) to replace the inflation-hit Zimbabwean Dollar (ZWL).
The ZiG is backed by Zimbabwe’s gold reserves, and it is effective 05 April 2024.
Zimbabweans…
The maximum insurable earnings for NSSA pension contributions for the months of April 2024 to June 2024 is ZWL12 520 686 per month.
Please view the NSSA Schedule of Insurable Earning here .
Following the promulgation of SI 64 of 2022, the POBS maximum…
In a previous post on our Community Hub, details were announced of the new PAYE report for the 2024 tax year: Zimbabwe: New PAYE return from the 2024 tax year
On 24 February 2024, the Zimbabwe Revenue Authority (ZIMRA) published Public Notice No.…
The new PAYE report for 2024 has temporary been withdrawn.
Read more: Zimbabwe: Temporary Withdrawal of New PAYE Return
Original post
On 6 February 2024, the Zimbabwe Revenue Authority (ZIMRA) published Public Notice No. 12 of 2024.
The notice…
A patch file has been deployed for Sage Business Cloud Payroll Professional Release 6.1b on 18 on January 2024.
The following message will display on the Payroll Subscription screen:
What is included in the patch file?
The patch file includes…
The Zimbabwe Revenue Authority(ZIMRA) has released the new tax tables effective 1 January 2024.
The following is a summary of the proposed tax changes which will affect the payroll:
New Annual Tax Table:
This is effective from 1 January 2024.…
The maximum insurable earnings for NSSA pension contributions for the months of January 2024 to March 2024 is ZWL2 414 896 per month.
Please view the NSSA Schedule of Insurable Earning here .
Following the promulgation of SI 64 of 2022, the POBS maximum…
A patch file has been deployed for Sage Business Cloud Payroll Professional Release 6.0b on 26 June 2023.
The following message will display on the Payroll Subscription screen:
What is included in the patch file?
The patch file includes:
Africa…
The minister of finance of Zimbabwe has delivered the 2023/2024 budget speech on 30 November 2023.
The following changes have been proposed during the budget speech:
Bonus exemption:
The tax-free ZWL bonus threshold is increased from ZWL500 000…
The maximum insurable earnings for NSSA pension contributions for the months of October 2023 to December 2023 is ZWL 2 414 896.00 per month.
Please view the NSSA Schedule of Insurable Earning here .
Following the promulgation of SI 64 of 2022, the…
Click here to view the August 2023 newsflash.
What if I did not receive my newsflash via email?
You can log into the Sage Portal to confirm that your email address is correct
Click here to submit your details to Sage Customer Support, and we will…
The new tax file for Zimbabwe which is effective from 1 August 2023, was deployed on 16 August 2023 at 20:00.
All Zimbabwe Users were emailed on 14 August 2023 to review and complete the preparation steps before the deployment of the new the tax…
The Zimbabwean Minister of Finance and Economic Development has reviewed local currency employment tax bands and tax rates with effect from 01 August 2023.
See our original post: Zimbabwe: Tax changes effective August 2023 (local currency)
Please…
The Zimbabwean Minister of Finance and Economic Development has reviewed local currency employment tax bands and tax rates with effect from 01 August 2023.
Click here to view the notice.
This annual tax table is already pro-rated for 5 months. These…
The maximum insurable earnings for NSSA pension contributions for the months of July 2023 to September 2023 is ZWL 2 414 896.00 per month.
Please view the NSSA Schedule of Insurable Earning here .
Following the promulgation of SI 64 of 2022, the POBS…
The maximum insurable earnings for NSSA pension contributions for the months of April 2023 to June 2023 is ZWL518 239 per month.
Please view the NSSA Notice below for more details:
Following the promulgation of SI 64 of 2022, the POBS maximum insurable…
Click here to view the January 2023 newsflash.
I did not receive my monthly newsflash via email - how can I resolve this?
Click here to submit your details to Sage Customer Support, and we will add your to our list!
Be sure to update your communication…
Please note that new tax files were deployed for Sage Business Cloud Payroll Professional Release 5.9b for the following tax countries:
Ghana - New SNITT limits
Namibia - Tax file for 2022/2023
Zambia - Tax File for 2023
Zimbabwe - Tax Files…
The latest tax files for the following tax countries will be deployed during the evening of 19 January 2023:
Ghana
Namibia
Zambia
Zimbabwe
The What's Up which will be available after the tax files was deployed, will include details of the…
The maximum insurable earnings for NSSA pension contributions for the month of January 2023 to March 2023 is ZWL500 966 per month.
Please view the NSSA Notice below for more details:
Following the promulgation of SI 64 of 2022, the POBS maximum…
Click here to view the November 2022 newsflash.
Not receiving your monthly newsflash via email?
Click here to submit your details to Sage Customer Support, and we will add your to our list!
Be sure to update your communication preferences with…
The new Tax File (Version 202205) for Zimbabwe was deployed on Sage Business Cloud Payroll Professional on 14 November 2022.
Zimbabwe’s Finance (No. 8) Act of 2022, it contains the following changes that affect payroll processing:
Act No. 8 of 2022…
The maximum insurable earnings for NSSA pension contributions for the month of July 2022 to September 2022 is ZWL451 499 per month.
Please view the NSSA Notice below for more details:
Following the promulgation of SI 64 of 2022, the POBS maximum…
Release 5.9a is now available.
What is included in this update?
South Africa - Interim EMP501 Reconciliation changes, Qualifying Long Service Award changes, Fixed Rate Directives and Lumpsum changes
Tax Table changes: Lesotho, Malawi, and Zimbabwe…
The Zimbabwe Revenue Authority(ZIMRA) has released the new tax tables effective 1 August 2022.
PAYE Tax Tables
Click on the documents below to download the tax tables for the local(RTGS/ZWL) and foreign currency(USD) from ZIMRA.
Zimbabwe ZWL Aug…