Corporate Income Tax in Zimbabwe

Who this applies to

Companies, trusts and pension funds with income from a Zimbabwe source or deemed source. Multinational groups with EUR 750 million revenue in two of the last four years are also in the top-up tax.

Rates, bands and thresholds

Item	Amount	Tax year	Conditions	Official URL
Company or trust	25%	2026	s.14(2c)	https://www.zimra.co.zw/domestic-taxes/corporate/tax-rates
AIDS levy	3% of tax	2026	Effective 25.75%	same
Pension fund, trade or investment	15%	2026	s.14(2)d	same
Licensed investor	0%, then 25%	2026	First five years, then after	same
Special mining lease	15%	2026	s.14(2)(f)	same
Mining company or trust	25%	2026	s.14(2)g	same
BOOT or BOT arrangement	0%, then 15%	2026	First five years, second five	same
Industrial park developer	0%, then 25%	2026	Before, after fifth year	same
Tourist facility in approved zone	0%, then 25%	2026	Before, after fifth year	same
Manufacturer exporting 30% to 41%	20%	2026	s.14(3)(a)	same
Manufacturer exporting 41% to 51%	17.5%	2026	s.14(3)(b)	same
Manufacturer exporting more than 51%	15%	2026	s.14(3)(c)	same
Dividends from a foreign company	20%	2026	s.14(5)	same
Special economic zone	0%, then 15%	2026	First five years, then after	same
BKPO service	15%	2026	On that income; Act ss.5, 6	https://www.veritaszim.net/sites/veritas_d/files/Finance%20Act%2C%20Act%20No.%207%20of%202025.pdf
Top-up tax	to 15%	2026	Combined effective rate below 15%	same
Levy on coal, lithium, granite, stone	3%	2026	Gross value	same
Gaming operators tax	20%	2026	Gross monthly takings, final tax	same
Sports credit	up to USD 10,000	2026	Registered, tax compliant, NSSA compliant	same
Special capital gains tax	20%	2026	Offshore transfer of land-holding entity interests	same
Dividend WHT, ZSE, VFEX, unlisted	unverified: 10%, 5%, 15%	2026	Earlier version, not reconfirmed	unverified
Royalties and interest to non-residents	unverified: 15%	2026	Earlier version, not reconfirmed	unverified

The base

Taxable income is gross income from a Zimbabwe source less exemptions and allowed deductions. New from 2026: IMTT is deductible for a registered, tax-cleared taxpayer; film capital allowances doubled; BKPO capital expenditure 100% in the first year; public sports facilities 150%. Digital services withholding and export tax are not deductible (Act ss.16, 17). Mineral exports may be priced by the Quoted Price Method (Act s.31).

Deadlines and filing

QPD returns: 10% by 20 March, 25% by 20 June, 30% by 20 September, 35% by 15 December, with the fourth payment by 20 December (Public Notice 58 of 2026). The first three payment days are not stated in that notice; the earlier version gave the 25th (unverified). Other accounting years follow dates the Commissioner approves. The ITF12C goes through mytaxselfservice.zimra.co.zw four months after year end, with financial statements attached.

1. Log in and select your TIN.
2. Tax Return Management, Pending Returns.
3. Choose the Provisional Return or Self-Assessment Return - Business. Enter the sports credit under Tax Credits if you qualify.
4. Submit, then pay with TIN and name. If over 50% of estimated income is foreign currency, use 50:50 for the estimate.

Penalties and interest

Unregistered businesses in listed sectors pay deemed QPDs, from USD 5,000 for lodges to USD 15,000 for car dealers and hardware. No return evidence and no tax clearance means 30% withholding on invoices. Other penalty rates were not opened.

Cross-border points

A fixed place for 90 days in 12 months, services through staff over 90 days, or a building site from its start is a permanent establishment (Act s.18). The USD 500,000 limit in s.12A(2) is gone (Act s.14). Treaty relief must be claimed; rates were not read.

Two worked examples that recompute

Profit USD 100,000: tax 25,000, levy 750, total 25,750.

name: Standard company
inputs:
  profit: 100000
steps:
  - total: profit * 0.25 * 1.03
expected:
  total: 25750.00

Decision: a manufacturer on USD 100,000 deciding if exporting over 51% matters: 15% gives 15,450 against 25,750, a saving of 10,300.

name: Exporter rate against standard
inputs:
  profit: 100000
steps:
  - saving: profit * (0.25 - 0.15) * 1.03
expected:
  saving: 10300.00

Ask the client first

1. Sector and any investment licence or zone.
2. Share of output exported.
3. Currency share of income.
4. Accounting year end.
5. Group revenue, for top-up tax.

Sources

Source	URL	Read on
Finance Act No. 7 of 2025 (Veritas copy of the Government Printer text), whole Act	https://www.veritaszim.net/sites/veritas_d/files/Finance%20Act%2C%20Act%20No.%207%20of%202025.pdf	2026-11-01
ZIMRA Public Notices 5, 7, 11, 49, 50, 58, 61 of 2026 (list page; each PDF opened)	https://www.zimra.co.zw/public-notices	2026-11-01
ZIMRA Tax Rates page, whole table; undated	https://www.zimra.co.zw/domestic-taxes/corporate/tax-rates	2026-11-01
ZIMRA Self Assessment Return Notes	https://www.zimra.co.zw/domestic-taxes/corporate/self-assessment-return-notes	2026-11-01

Not yet confirmed: payment days of QPDs 1 to 3; whether the ZIMRA rates table reflects all 2026 changes; withholding rates; the 2026 start date of non-residents' tax on interest; mining rate notes; treaty rates; penalties and interest; approved SEZ terms beyond the table.