The Zimbabwe Revenue Authority (ZIMRA) has issued tax tables which is effective from 1 August 2020.
Below is the new full annual tax table for 12 months:
Click on the below links to view the Tax tables for both the local ZWL and the USD currency. Note that the ZIMRA annual tax tables are already pro-rated for 5 months.
Tax tables in Local ZWL currency
Please note that your current tax year will have to be split into two:
- 1 January 2020 to 31 July 2020
- 1 August 2020 to 31 December 2020
Update 2020/08/26
Also included in the Tax files are the following tax credit limits that were increased from ZWL7 200 to ZWL9 000:
- Blind person’s credit
- Mentally or physically disabled person credit
- Credit for taxpayers over 55 years of age
Please click here for more information on these Tax credit limits.
Please note that should you have downloaded and installed the Zimbabwe tax files before 2020/08/26, then kindly download and install the tax files again to include the new tax credit limits.
Update 2020/08/18:
The latest Zimbabwe tax changes are now available on the downloads page.
The zip file includes an Additional Information document with steps on how to implement the changes.
The table is effective from 1 August 2020 only, we therefore recommend that employees are transferred to a new company without YTD values.
Before installing the software, take note of the following:
Your payroll software must be on Release 5.4a/b/c which is available on the customer zone.
Click here to visit the software downloads page and follow the instructions below:
- Select the Africa tab
- Click on the Download button next to Zimbabwe Tax Changes for Premier/Sage200c: R54a/b/c (August 2020 – File Version 202008)
- Download the file, extract the contents of the zip file to your payroll folder, and overwrite any/all existing files.