Tax rates in Zimbabwe

Dear Sir/Madam


I have listed the new tax rates applicable for PAYE calculations in 2011 as well as those that we had for 2010

These new rates will be included in the next release of our Payroll Software program, Adaski, and will be posted to our web site in the next day or two

Best Regards

Mike Garden

Managing Director

Softrite

Harare

.///////////////

Individual Tax Rates

Taxable income from employment

Tax Year - 2011

Rate bands from 1.01.2011 to 31.12.2011

Basic income tax payable

US$ US$ US$ % US$

0 - 2 700 0 0%

2 700 - 6 000 0 20% of excess over 2 700

6 001 - 12 000 660 + 25% of excess over 6 000

12 001 - 18 000 2 160 + 30% of excess over 12 000

18 001 - and over 3 960 + 35% of excess over 18 000

There is a 3% AIDS levy on tax: effective top rate of 36.05%.

The above tables apply to the tax payable by individuals, deceased or insolvent estates and

/////////////////////
Tax Year - 2010

Rate bands from 1.01.2010 to 31.12.2010

Basic income tax payable

US$ US$ US$ % US$

0 - 1 980 0 0%

1 981 - 6 000 0 20% of excess over 1 980

6 001 - 12 000 804 + 25% of excess over 6 000

12 001 - 18 000 2 304 + 30% of excess over 12 000

18 001 - and over 4 106 + 35% of excess over 18 000

There is a 3% AIDS levy on tax: effective top rate of 36.05%.

The above tables apply to the tax payable by individuals, deceased or insolvent estates and

estates of individuals under legal disability.