Zambia has reportedly implemented the 2024 Budget tax changes through various amendment acts that were assented on 22 December 2023. The main tax measures of the budget are summarized as follows:

• The adjustment of the income tax brackets (bands), along with a reduction in the top bracket (band) rate from 37.5% to 37.0%:
  • up to ZMW 61,200 - 0%
  • over ZMW 61,200 up to 85,200 - 20%
  • over ZMW 85,200 u…