Transcription of ZIMBABWE REVENUE AUTHORITY PAY AS YOU EARN
1 ZIMBABWE REVENUE AUTHORITY . PAY AS YOU earn ( PAYE) TABLES FOR JANUARY TO DECEMBER 2022. DAILY TABLE Example Rates If an employee earns from - to multiply by 0% Deduct - $1000 per day from to 1, multiply by 20% Deduct The tax will be calculated thus: from 1, to 3, multiply by 25% Deduct from 3, to 7, multiply by 30% Deduct $1000 x 20% -$ =. from 7, to 16, multiply by 35% Deduct $ from 16, and above multiply by 40% Deduct 1, WEEKLY TABLE Example Rates If an employee earns from - to 5, multiply by 0% Deduct - $10500 per week from 5, to 13, multiply by 20% Deduct 1, The tax will be calculated thus: from 13, to 27, multiply by 25% Deduct 1, from 27, to 55, multiply by 30% Deduct 3, $10500 x 20% -$1 =.
2 From 55, to 115, multiply by 35% Deduct 6, $ per week from 115, and above multiply by 40% Deduct 11, FORTNIGHTLY TABLE Example Rates If an employee earns from - to 11, multiply by 0% Deduct - $50 800 per fortnight from 11, to 27, multiply by 20% Deduct 2, The tax will be calculated thus: from 27, to 55, multiply by 25% Deduct 3, from 55, to 110, multiply by 30% Deduct 6, $50 800 x 25%-$3 from 110, to 230, multiply by 35% Deduct 12, $9, per fortnight from 230, and above multiply by 40% Deduct 23, MONTHLY TABLE Example Rates If an employee earns from - to 25, multiply by 0% - $220 000 per month from 25, to 60, multiply by 20% Deduct 5, The tax will be calculated thus: from 60, to 120, multiply by 25% Deduct 8, from 120, to 240, multiply by 30% Deduct 14, $220 000 x 30% - $14 =.
3 From 240, to 500, multiply by 35% Deduct 26, $52 per month from 500, and above multiply by 40% Deduct 51, ANNUAL TABLE Example Rates If an employee earns from 0 to 300, multiply by 0% Deduct - $5 800 000 per year from 300,001 to 720, multiply by 20% Deduct 60,000 The tax will be calculated thus: from 720,001 to 1,440, multiply by 25% Deduct 96,000. from 1,440,001 to 2,880, multiply by 30% Deduct 168,000 $5 800 000 x 35%-$312 from 2,880,001 to 6,000, multiply by 35% Deduct 312,000 $1 718 per annum from 6,000,001 and above multiply by 40% Deduct 612,000.
4 Aids Levy is 3% of the Individuals' Tax payable CONTACT YOUR NEAREST ZIMRA OFFICE FOR QUERIES. TAX TABLES Research Development Issue Version: 1 Issue Date: 22/12/2017.
