ZACA Elated with Move To Keep PAYE Unchanged In 2025 Budget
Zambia Consumer Association (ZACA) has applauded government’s decision to maintain the Pay As You Earn (PAYE) threshold in the 2025 national budget.
Speaking in an interview with Money News, Association Executive Secretary Juba Sakala says any upward adjustments to the PAYE threshold could have been detrimental to the consumers due to the challenges that the country is currently facing.
Mr. Sakala states that the income levels are still low even for those in the PAYE bracket compared to the skyrocketing prices of commodities on the market.
He adds that the cost of living is anticipated to continue rising further as long as load shedding is not fixed.
Mr. Sakala notes that according to Jesuit Centre for Theological Reflection (JCTR), the cost of living for a family of five in Lusaka has increased by over K1,200 between September 2023 and 2024.
Finance and National Planning Minister Dr. Situmbeko Musokotwane, recently said there is no adjustment to the Pay As You Earn tax band in the 2025 national budget because money meant for this incentive has been used to help citizens that are not in formal employment.