GROW YOUR BUSINESS IN ZIMBABWE
Have an enterprise level payroll department and a HRMS with Employee Self-Service at a per employee cost
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Full Payroll Outsourcing
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Hybrid Payroll Outsource
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International Payment Management
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Local Filing
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Social Security Filing
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Interact with Local Authorities
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Human Resources Management System
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Integration with all Accounting and Third Party
Software
Praxima Services Include
Why Praxima?
Local Tax Compliance
Secure Data Transferring
Responsive Administrators
Increase Productivity
Industry Experts
Running Your Payroll
Focus on Your
Core Business
Outsource your Zimbabwean payroll to Praxima
Zimbabwe
Tax Highlights
Currently, the Zimbabwean tax system is based on source rather than residency. Income derived or deemed to be derived from Zimbabwean sources is taxed. During the current tax reform process, Zimbabwe has indicated that it is considering moving to a residence-based system. The place where income originates or is earned, not the place of payment, is referred to as the source. If goods are sold under a contract made in Zimbabwe, the source of income is deemed to be in Zimbabwe, regardless of the place of delivery or transfer of title. The location where services are rendered is the source of services.
TAX RATES | 2024
Tax Rates: ZWL:
0 to 1,200 0%
1,201 to 3,600 0 + 20% for each USD above 1,200
3,601 to 12,00 480 + 25% for each USD above 3,600
12,001 to 24,000 2,580 + 30% for each USD above 12,000
24,001 to 36,000 6,180 + 35% for each USD above 24,000
36,001 and above 10,380 + 40% for each USD above 36,000
STATUTORY FILING | 2024
Zimbabwe has a pay-as-you-earn (PAYE) system known as the 'Final Deduction System' (FDS). This is based on the assumption that all employers (including domestic and foreign-based) must register for PAYE and are responsible for calculating, collecting, and paying the right amount of PAYE to ZIMRA each month. Tax audits are performed on a regular basis (every year or two) to examine the payroll systems.
Because the employer bears the whole cost of collecting the right tax, there is no necessity for employees to file yearly tax returns for employment income.
SOCIAL SECURITY | 2024
The National Social Security Authority (NSSA) is the statutory corporate agency in Zimbabwe mandated by the government to provide social security.
Currently, both the employer and employee contribute 4.5% of the basic wage every month capped at ZWL 5,000. These contributions cover pension & other benefits.
Tax Residents
Residence, domicile, and citizenship are not normally relevant, and unless a tax treaty applies, there are no special concessions for non-residents.
Taxable Income
The Zimbabwean tax system is now based on source rather than residence. Income received, or considered to be earned, from Zimbabwean sources is taxed.
The place where revenue originates or is earned, not the place where it is paid, is referred to as the source. If products are sold under a contract made in Zimbabwe, the source of revenue is presumed to be in Zimbabwe, regardless of the site of delivery or transfer of title.
Exempt Income
Pensions received from pension funds or the Consolidated Revenue Fund are tax-free.
Dividends paid by Zimbabwe-incorporated companies are tax-free.
Your HRMS is Standard
Employee Self-service
Payslip and tax certificate retrieval. Updating of personal particulars. Leave request and balance enquiries
Records
Employee documents folder. Training records. Heath & Safety records. Disiplinary records. Qualifications, resume and hiring records.
Work Flow
Workflow with different approval levels. Full work flow functionality for leave requests, expense and time-sheets
PAYMENTS, REPORTING & FILING
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Direct payment into employee bank accounts. Emailed password protected pay slips.
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Payment of taxes, benefit providers and other creditors.
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Filing of returns to the authorities.
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Generation and filing of statutory reports.
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General ledger and 100's of customisable reports.
Get World-Class Payroll
Outsource to Praxima
