[Zambia] PAYE relief comes at an opportune time

Zambia’s Pay as You Earn (PAYE) threshold increase from K3,300 to K4,000 comes at an opportune time, when the need for relief among the workforce is reportedly greater than ever before. The impact of COVID-19 has hit every household hard and for those on a limited income matters have reached a breaking point.

Announcing the national budget on September 25, Minister of Finance Bwalya Ng’andu said he proposed an increase of the exempt threshold for PAYE to increase disposable income. The proposed increment will come into effect on January 1, 2021. Workers receiving a monthly salary of K4,000 and below will benefit from the tax relief. Zambia Daily Mail Limited has further details of the timely threshold increase.

Zambia’s Pay as You Earn (PAYE) threshold increase from K3,300 to K4,000 comes at an opportune time, when the need for relief among the workforce is reportedly greater than ever before. The impact of COVID-19 has hit every household hard and for those on a limited income matters have reached a breaking point.

Announcing the national budget on September 25, Minister of Finance Bwalya Ng’andu said he proposed an increase of the exempt threshold for PAYE to increase disposable income. The proposed increment will come into effect on January 1, 2021. Workers receiving a monthly salary of K4,000 and below will benefit from the tax relief. Zambia Daily Mail Limited has further details of the timely threshold increase.