The Zimbabwe Parliament has reportedly approved the Finance (No. 2) Bill 2019. Some of the main measures include the following:
- The individual income tax brackets are set as follows for employment income in ZWD per month:
- up to ZWD 700 - 0%
- over ZWD 700 up to 3,000 - 20%
- over ZWD 3,000 up to 10,000 - 25%
- over ZWD 10,000 up to 20,000 - 30%
- over ZWD 20,000 up to 30,000 - 35%
- over ZWD 30,000 - 40%
- Where any part of a person's taxable employment income is earned in a foreign currency, the foll…