Zimbabwe Corporate Income Tax

Corporate income tax rates and base (2025)

Companies are taxed on Zimbabwe-source income at a standard rate of 25% from 1 January 2025, plus a 3% AIDS levy on the tax. Special regimes apply to mining and certain incentivised sectors.

• Standard corporate income tax rate — 25% percent (Finance Act, 2025)
• AIDS levy on corporate tax — 3% of the corporate income tax chargeable (effective combined rate approximately 25.75%) percent (Finance Act (Chapter 23:04))
• Tax base — Taxable income from a Zimbabwe source (or deemed source), being gross income less exemptions and allowable deductions (Income Tax Act (Chapter 23:06))
• Mining company rate — Mining operations are taxed at a special rate (historically 24%/25%); separate royalty regime applies percent ((approx — confirm 2025 mining rate)) (Income Tax Act (Chapter 23:06))
• Special Economic Zone / incentivised investors — Reduced or 0% rates for approved investors in designated zones for an initial period (per investment licence terms) ((approx — confirm current SEZ incentive terms)) (Finance Act (Chapter 23:04))
• Withholding tax on dividends (ZSE-listed) — 10% on dividends from Zimbabwe Stock Exchange-listed shares percent (Income Tax Act (Chapter 23:06))
• Withholding tax on dividends (unlisted / to non-resident) — 15% non-resident shareholders' tax on dividends from unlisted companies percent (Income Tax Act (Chapter 23:06))
• Withholding tax on dividends (VFEX-listed) — 5% on dividends from Victoria Falls Stock Exchange-listed securities percent (Income Tax Act (Chapter 23:06))
• Withholding tax on royalties to non-residents — 15%, payable within 10 days of the date of payment percent (Income Tax Act (Chapter 23:06))
• Withholding tax on interest to non-residents — 15% non-residents' tax on interest (reintroduced effective 1 January 2026; confirm 2025 treatment) percent ((approx — confirm 2025 vs 2026 effective date)) (Finance Act, 2025)
• Double tax treaty relief — Reduced WHT rates (often 10% or less) under Zimbabwe's DTAs; relief must be claimed, it is not automatic (Income Tax Act (Chapter 23:06))
• Annual return filing — Self-assessment return (ITF12C) due 30 April after year-end ((approx — confirm filing date)) (Income Tax Act (Chapter 23:06))
• Provisional tax (QPDs) — Quarterly Payment Dates: 25 March (10%), 25 June (25%), 25 September (30%), 20 December (35%) ((approx — confirm QPD percentages/dates)) (Income Tax Act (Chapter 23:06))