On 26 December 2023, Zambia enacted  the Income Tax Amendment Act of 2023.

The Amendment Act affects the changes proposed in the 2023/24 budget speech. Read more on the  Zambia 2023/2024 budget speech.

These changes are effective from 1^st January 2024.

1. Increasing the exempt threshold to K5,100 from K4,800 per month.
2. Reducing the top tax rate to 37.0 percent from 37.5 percent.

Below is the tax table for 2024:

The tax file was deployed on 18 January 2024 - click on the link below for more information:

Patch deployed | Sage Business Cloud Payroll Professional Release 6.1b - Angola, Zambia and Zimbabwe Tax Files effective 1 January 2024

• All Zambia customers must rollover from December 2023 to January 2024 
• During this process, the 2023 Tax Year-end instance will be created
• If you do not complete the rollover from December 2023 to January 2024, your December values will recalculate according to the new rates, which will require manual intervention.