ZCTU hopes for relief


AS THE Minister of Finance presents the 2022 budget this monthend, the Zambia Congress of Trade Unions (ZCTU) is hopeful the new dawn administration will consider reducing the “choking” high tax burden on employees. ZCTU deputy secretary general Joy Beene is concerned that the country’s tax system is too heavy on workers, with current pay as you earn (PAYE) tax threshold standing at 37.5 percent for workers who earn above K6,900. For workers who earn between K4,000 to K4,800 as monthly salary, 25 percent is deducted as PAYE, among other deductions which also include one percent as National Health Insurance Scheme (NHIS) contribution. “These taxes… we are failing to breathe, we are choked,” Mr Beene said. “As you present the budget, let’s see how best this can be addressed.” Mr Beene said this yesterday during the Bankers Union of Zambia (BUZ) quadrennial congress. He said with the coming of the new dawn administration, which was ushered into office on August 12, Zambian workers are CLICK  TO READ MORE

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