Finance Minister Bwalya Ng’andu has revealed a K119 billion proposed National Budget for 2021 – unsurprisingly, there is some attention given to Coid-19 pandemic and its impact on the economy. There is some favorable changes included for the Agriculture and Tourism industries. The Minister of Finance has raised the exemption threshold for Pay-As-You Earn to K4, 000 from K3, 300 per month, which will bring some small tax relief to those earning monthly salaries in that range.
Read the full budget highlights extract, or download the pdf.
