Zimbabwe Tax Tables 2024 - Tax Rates and Thresholds in Zimbabwe

This page contains the tax table information used for the calculation of tax and payroll deductions in Zimbabwe in 2024. These tax tables are used for the tax and payroll calculators published on iCalculator™ ZW, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Zimbabwe or would like to add to or suggest amendments to the information herein then please contact us.

Zimbabwe Personal Income Tax Tables in 2024

The Income tax rates and personal allowances in Zimbabwe are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Zimbabwe Tax Calculator 2024.

In Zimbabwe, social security deductions made by employees to the National Social Security Authority (NSSA) are deductible for the purpose of calculating taxable income. This means that the amounts contributed by employees towards NSSA can be subtracted from their gross income before income tax is calculated. This provision helps to reduce the taxable income of individuals, thereby lowering their overall income tax liability and ensuring that their contributions to social security do not unduly burden their finances.

Zimbabwe Social Security and Payroll Deduction Rates in 2024

In Zimbabwe, social security and payroll deductions form an integral part of the employment and social welfare system, aiming to provide support and protection to workers and their families in various circumstances. Managed by the government and various statutory bodies, these contributions fund retirement benefits, healthcare, and workers’ compensation, among other things. Below is an overview of the key components of Zimbabwe’s social security system and the purpose of each.

National Social Security Authority (NSSA)

The National Social Security Authority (NSSA) administers the main social security schemes in Zimbabwe. Contributions to NSSA cover two primary benefits: pensions and other retirement benefits, and workers' compensation for job-related injuries and diseases. Employers and employees contribute a percentage of the employee's gross salary to fund these schemes.

Pension and Retirement Benefits

Pension and retirement benefits aim to provide financial security to individuals who are retired or incapable of working due to old age. Contributions collected under this scheme are used to pay out monthly pensions, lump-sum grants, and other benefits to retirees, ensuring they have a source of income even after leaving the workforce.

Workers' Compensation

Workers' compensation provides protection to employees who suffer work-related injuries or illnesses. This includes medical expenses, disability benefits, and compensation for lost wages during the period of incapacity. Funded by employer contributions, it is designed to support employees in their recovery and return to work.

Health Insurance Contributions

While Zimbabwe does not have a universal health insurance system funded through payroll deductions, many formal sector employers provide health insurance as part of their employment packages. These private health insurance schemes help cover medical costs, including hospitalization, outpatient visits, and prescriptions.

Unemployment Insurance

Zimbabwe currently lacks a formal unemployment insurance program that would provide temporary financial assistance to individuals who lose their jobs. However, this is an area of social protection that has been identified for development to offer support to the unemployed as they seek new employment opportunities.

Maternity and Paternity Benefits

Maternity and paternity benefits are provided for in Zimbabwean labor law, offering support to new parents. Employers are required to provide maternity leave with pay for female employees, and there are provisions for paternity leave as well, aiming to support family welfare during the critical period of childbearing and rearing.

In conclusion, the social security and payroll deduction system in Zimbabwe is designed to provide a safety net for employees, covering aspects such as retirement, health care, and workers' compensation. While there are areas that could be further developed, such as unemployment insurance, the existing system plays a crucial role in protecting the welfare of workers and their families.

Zimbabwe VAT Rates in 2024

VAT rates for Zimbabwe are reviewed annually, you can use the VAT Calculator to calculate VAT due in Zimbabwe or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.

Historic Tax Tables supported for Zimbabwe

The following tax tables are supported by iCalculator™ ZW as part of the suite of free tax tools we provide for Zimbabwe.