THE law requires an employer to withhold and remit employees tax (PAYE) in accordance with the tax deduction tables. There exists separate PAYE tax tables for foreign and ZWL$ earnings and the former tables are to be used when earnings are part or wholly in foreign currency.
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The updated Finance Bill, which is yet to become law, has projected a revision of the previously proposed ZWL$ PAYE tables for the year of assessment January 1, 2022 after a scrutiny by the National Assembly, which had noted its displeasure through the d
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