Good day everyone
According to the Zambia Income Tax (Amendment) Act No 43 of 2021, the following tax changes will affect the PAYE:
Annual tax tables for 2022 tax year
From (K) |
To (K) |
Rate |
0,00 |
54 000,00 |
0% |
54 000,01 |
57 600,00 |
25% |
57 600,01 |
82 800,00 |
30% |
Above 82 800 |
37.5% |
- National Pension Scheme (NAPSA) ceiling for 2022 change
As from 1 January 2022, the new NAPSA earnings ceiling is K24 436 per month.
The maximum an employee or employer will contribute per month at 5% is K1 221,80. The total maximum contribution by both the employee and employer for 2022 is K2 443,60.
The contribution rate remains unchanged at 10% of the employee’s monthly gross earnings subject to the statutory contribution ceiling above.
The effective date for the above changes is 1 January 2022.
Attached is the following:
Version 9:
- Pay Plan Patch - W_HR008_ZMBV9.zip
- Sage XRHRP – Zambia V9 – Statutory Updates – January 2022.pdf
Version 12:
- Pay Plan Patch - W_ZMB007_2022R2.zip
- Sage XRHRP – Zambia V12 – Statutory Updates – January 2022.pdf
Please make sure to read through the documents before implementing the patches.