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What is the meaning of the following tax statement? Employee interests PAYE tax free increased from K4,800.00 to K5,100.00 and the last tax band reduced

What is the meaning of the following tax statement?

"Employee interests" PAYE tax free increased from K4,800.00 to K5,100.00 and the last tax band reduced by 0.5% from 37.5% to 37%

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