The Personal Income Tax Rate in Zambia stands at 37.50 percent. Personal Income Tax Rate in Zambia averaged 36.59 percent from 2013 until 2023, reaching an all time high of 37.50 percent in 2017 and a record low of 35.00 percent in 2014. source: Zambia Revenue Authority
Personal Income Tax Rate in Zambia is expected to reach 37.50 percent by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Zambia Personal Income Tax Rate is projected to trend around 37.50 percent in 2025, according to our econometric models.
| Related | Last | Previous | Unit | Reference |
|---|---|---|---|---|
| Corporate Tax Rate | 30.00 | 30.00 | percent | Dec 2023 |
| Personal Income Tax Rate | 37.50 | 37.50 | percent | Dec 2023 |
| Sales Tax Rate | 16.00 | 16.00 | percent | Dec 2023 |
| Social Security Rate | 10.00 | 10.00 | percent | Dec 2023 |
| Social Security Rate For Companies | 5.00 | 5.00 | percent | Dec 2023 |
| Social Security Rate For Employees | 5.00 | 5.00 | percent | Dec 2023 |
Zambia Personal Income Tax Rate
In Zambia, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labor, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Zambia.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 37.50 | 37.50 | 37.50 | 35.00 | 2013 - 2023 | percent | Yearly |
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