Pay As You Earn (PAYE) is a system of withholding income tax from employees’ salaries before they are paid. The employer is responsible for calculating and deducting PAYE from employees’ salaries and remitting it to the Zimbabwe Revenue Authority (ZIMRA).
The PAYE rate in Zimbabwe is progressive, which means that the higher the employee’s salary, the higher the rate of tax. The current PAYE rates are found on ZIMRA website.
There are a number of deductions that can be made from an employee’s salary before PAYE is calculated. These deductions include:
- Pension contributions
- Medical aid contributions
- Child support payments
- Donations to approved charities
Employees who are entitled to deductions must provide their employer with proof of the deductions.
PAYE returns must be filed with ZIMRA on a monthly basis. The returns must show the amount of PAYE deducted from employees’ salaries, the amount of PAYE paid to ZIMRA, and the amount of PAYE due to the government.
PAYE is a complex tax, and employers who are required to deduct PAYE from employees’ salaries should seek professional advice to ensure that they are complying with the law.
Here are some additional information about PAYE in Zimbabwe:
- PAYE is a system of withholding income tax from employees’ salaries before they are paid.
- The employer is responsible for calculating and deducting PAYE from employees’ salaries and remitting it to the Zimbabwe Revenue Authority (ZIMRA).
- The PAYE rate in Zimbabwe is progressive, which means that the higher the employee’s salary, the higher the rate of tax.
- There are a number of deductions that can be made from an employee’s salary before PAYE is calculated.
- PAYE returns must be filed with ZIMRA on a monthly basis.
- PAYE is a complex tax, and employers who are required to deduct PAYE from employees’ salaries should seek professional advice to ensure that they are complying with the law.
