Finance No. 1/2019 2019 “(a) in the case of a person other than a company, a trust or a pension fund, at the specified percentage of each dollar of each of the following parts of his or her taxable income from employment earned in foreign currency— (i) so much as does not exceed four thousand two hundred United States dollars; (ii) so much as exceeds four thousand two hundred United States dollars but does not exceed eighteen thousand United States dollars; (iii) so much as exceeds eighteen thousand United States dollars but does not exceed sixty thousand United States dollars; (iv) so much as exceeds sixty thousand United States dollars but does not exceed one hundred and twenty thousand United States dollars; (v) so much as exceeds one hundred and twenty thousand United States dollars but does not exceed one hundred and eighty thousand United States dollars; (vi) so much as exceeds one hundred and eighty thousand United States dollars but does not exceed two hundred and forty thousand United States dollars; (vii) so much as exceeds two hundred and forty thousand United States dollars;”; (b) by the insertion after paragraph (j) of the following paragraph— “(k) in respect of amounts receivable by or on behalf of a satellite broadcasting service domiciled outside Zimbabwe, or an electronic commerce platform domiciled outside Zimbabwe, that are deemed by virtue of section 12(6) and (7) of the Taxes Act to be income derived from a source within Zimbabwe, at the specified percentage of each United States dollar of that income.”. 3 Amendment of Schedule to Chapter I of Cap. 23:04 With effect from the year of assessment beginning on the 1st January, 2019, the Schedule (“Credits and Rates of Income Tax”) to Chapter I of the Finance Act [Chapter 23:04] is amended in Part II— (a) by the repeal of the items relating to section 14(2)(a) and the substitution of— “Section 14(2)(a)(i) 14(2)(a)(ii) 14(2)(a)(iii) 14(2)(a)(iv) 14(2)(a)(v) 14(2)(a)(vi) 14(2)(a)(vi) Specified percentage % 0 20 25 30 35 40 45”; (b) by the insertion after the item relating to section 14(2)(j) of the following item— “14(2)(k) Level of taxable income Up to US$4 200 US$4 201 to US$18 000 US$18 001 to US$60 000 US$60 001 to US$120 000 US$120 001 to US$180 000 US$180 001 to US$240 000 US$240 001 and more Income of foreign domiciled satellite broadcasting service or electronic commerce platform deemed in terms of section 12(6) and (7) of the Taxes Act to be income derived from a source within Zimbabwe ......................5%”. 4