THE Non-governmental Gender Organisations’ Coordinating Council (NGOCC) has proposed an increase in the Pay As You Earn threshold from K5,100 to K5,500 in the 2025 national budget. And NGOCC has further proposed a reduction in the PAYE tax rate from 37 to 35 percent. Presenting a budget proposal at the ongoing National Consultations for the 2025 Budget and 2025-2027 Medium Term Budget Plan, NGOCC argued that increasing PAYE’s lowest income bracket would ease the financial burden on vulnerable low-income households. “PAYE: Increase the current lowest income band threshold from ZMW 5,100 to ZMW5,500. Taking this measure will ease the financial burden for vulnerable Low-income households especially the female headed households. Also, we propose that we reduce the maximum tax rate...

This premium content is for paid ePaper subscribers.
Subscribe
Already a member? Log in here