Announcement

2014/2015 Income Tax Structure

Summary

On the 20th of February 2014, the Minister of Finance, Dr. Leketekete Victor Ketso,made a proposal in the 2014-2015 budget speech to reduce Pay As You Earn (PAYE) rates from 22% and 35% to 20% and 30%, respectively.

Updated on : 24-06-2014


2014/2015 Income Tax Structure

On 20 February 2014, in his Budget Speech, the Honourable Minister of Finance, Dr. Leketekete Victor Ketso, recommended changes to the resident individuals' income tax structure. The changes are to be effective from 1 April 2014. The relevant instrument, the Income Tax (Amendmend) Act No.2 of 2014,contained under Government Gazette No. 33 of 13 June 2014, has been duly enacted and published.

Click below for more information:

Income Tax Structure 2014/2015 
Resident Individual Income Tax Rates 2014/2015
Changes in Marginal tax Rates and Refunds to Employees

 

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