Zimbabwe Tax Overview

Zimbabwe tax system at a glance

• Tax system overview — Zimbabwe operates a source-based tax system administered by the Zimbabwe Revenue Authority (ZIMRA). Tax is assessed in the currency of earning under a dual-currency regime (USD and Zimbabwe Gold, ZiG), and most figures below have separate USD and ZiG schedules.
• Tax year (year of assessment) — Calendar year, 1 January to 31 December (Income Tax Act (Chapter 23:06))
• Currencies of assessment — USD and Zimbabwe Gold (ZiG); tax is assessed and paid in the currency in which income is earned ((approx — confirm dual-currency mechanics)) (Finance Act, 2025)
• Tax authority — Zimbabwe Revenue Authority (ZIMRA) (Revenue Authority Act (Chapter 23:11), https://www.zimra.co.zw/)
• Basis of taxation — Source-based: income from a source within (or deemed within) Zimbabwe is taxable, with limited deemed-source rules for certain foreign interest/dividends (Income Tax Act (Chapter 23:06))
• Top marginal personal income tax rate — 40 percent (before 3% AIDS levy on tax) (Finance Act, 2025)
• Standard corporate income tax rate — 25 percent (before 3% AIDS levy on tax) (Finance Act, 2025, https://www.zimra.co.zw/domestic-taxes/corporate/tax-rates)
• AIDS levy — 3 percent (of the income tax chargeable (applied to both individuals and companies)) (Finance Act (Chapter 23:04))
• Does VAT exist — Yes — Value Added Tax applies, standard rate 15% in 2025 (rising to 15.5% from 1 January 2026) ((approx — 15% in 2025 per VAT Act; confirm 2025 vs 2026 rate)) (Value Added Tax Act (Chapter 23:12))
• PAYE remittance deadline — By the 10th of the month following the month of deduction (Income Tax Act (Chapter 23:06))
• Annual corporate income tax return deadline — Return (ITF12C) due 30 April following the tax year; QPDs paid quarterly during the year ((approx — confirm filing date for the year of assessment)) (Income Tax Act (Chapter 23:06))