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*Govt To Increase Minimum Income Tax Threshold* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?gd The government will increase the minimum income tax threshold from the current $300 to $350. For those who earn monthly salaries of over $20 000, they will pay 45% in income tax. This was revealed by the Minister of Finance Mthuli Ncube while presenting the national budget in Parliament today. Minister Ncube said ---------- *Latest itel S24 now available on Pindula* $124 Cash on Delivery in Harare & Bulawayo. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > In order to attract and retain skilled human capital and also cushion low-income taxpayers against rising prices of basic goods, I propose to review the tax-free threshold from the current US$300 to US$350 and further widen the tax bands from US$351 to US$20,000, above which income is taxed at the highest marginal tax rate of 45%, down from 50%. _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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