INCOME TAX

In Zimbabwe,  every  worker is supposed to pay income tax, the Labour act chapter 28:01 provides that every person who earns an income is supposed to pay income tax at a prescribed rate. It is a government requirement that every employee should contribute 20% or more to the fiscuss. Sports players are not spared either. Footballers should be aware that their sign on fees is taxed under an annual bracket. Whereas winning bonuses falls under a weekly bracket. Whereas the monthly income is on monthly bracket. All statutory deductions must reflect clearly on the payslip. NSSA and AIDS are also other statutory deductions permissable at law.