Zambia's Ministry of Finance and National Planning has published the 2024 Budget Speech that was delivered by Minister Itumbeko Musokotwane to the National Assembly on 29 September 2023. The specific revenue (tax) measures of the budget are summarized as follows:
- Increase the exempt threshold for PAYE from ZMW 4,800 per month to ZMW 5,100, along with a reduction in the top bracket (band) rate from 37.5% to 37.0% and other bracket adjustments:
- up to ZMW 5,100 - 0%
- ZMW 5,101 up to 7,100 - 20%…