As 2025 approaches, it is important to begin organizing your payroll checklist for the end of the current year and the start of the next. This preparation is crucial for ensuring a smooth transition into the new year, as it allows you to address any changes in regulations, update employee information, and streamline your payroll…
National Social Security Authority (Pension and Other Benefits Scheme (Rates and Benefits)) (Amendment) Notice, 2024 (No. 33) 4. Section 11 of the principal notice is amended by the repeal of subsections (2) and (3) and the substitution of the following— “(2) The maximum amount of the monthly earnings in respect of which contributions in terms…
PUBLIC NOTICE: SYSTEMS CHANGEOVER FROM ZWL TO ZiG The Zimbabwe Revenue Authority (ZIMRA) would like to advise its valued clients that we are in the final phase of configuring our systems to allow the changeover from ZWL to the new ZiG currency in compliance with Statutory Instrument (SI) 60 of 2024. As a result, all…
Leave refers to the amount of hours or days an employee is permitted to be away from work within a year’s period. The Labour Act Chapter 28:01 and partly the Constitution of Zimbabwe deals with various types of leave in Zimbabwe. Annual/Vacation Leave In terms of Section 14A of the Labour Act Chapter 28:01 an…
As of 2022 Zimra noted that data and airtime allocated to employees shall be part of the payroll as follows ” With effect from 1 January 2022, the definition of advantage or benefit now includes the provision of data and airtime given by the employer to the employee for use at the home or outside work…
The latest Elderly tax credit as published by Zimra reads\ “Entitled to an elderly persons’ credit of ZWL$450,000.00 per annum or US$900.00 for income in forex.” Ensure to update your payroll with the latest Tax Credits for your employees. Tax credits are update yearly and only apply for person who has turned 55 years in…
Zimra’s tax tables for Zimbabwe can be download as published by Zimra
Use of motor vehicleWhere an employee enjoys the use of a company vehicle or is allocated a company vehicle, the value of the benefit is determined according to the engine capacity of the vehicle. The deemed benefits for 2023 are as shown in table below. Engine Capacity Deemed Value – ZWL Deemed Value – (USD) Up to…
Payline Payroll is a system available to use in Zimbabwe that companies, large or small can use for their compliance requirements for tax and other regulatory obligations. Payroll processing in Zimbabwe requires that one complies with different statutory bodies such as ZIMRA, NSSA, NEC and other bodies with respect to company industry and labour requirements.…
Setting up your payroll in Zimbabwe or any other country in the world is about knowing a few different things and getting those things right. The key being to make it as easy and convenient for your business. Once a payroll has been set up to your needs it becomes easier to manage and administrate…
