Income Tax In Zimbabwe Pdf

Income derived or deemed to be derived from sources within zimbabwe is subject to tax.

Income tax in zimbabwe pdf. Income tax act 2306updated doc income tax act 2306updated pdf chapter 23 06 income tax act acts 5 1967 35 1967 30 1968 36 1969 s. Income tax revenue amnesty special circumstances download. This means that income from a source within or deemed to be within zimbabwe will be subject to tax in zimbabwe unless a specific exemption is available. 1 july 1962 english text signed by the state president as amended by income tax amendment act 90 of 1962 income tax.

3 net rental income from a holiday resort lodge in nyanga zimbabwe 4 gain on the disposal of unlisted marketable securities acquired on 2 may 2009 which of the items of income may result in a charge to tax on matt. By a company listed on the zimbabwe stock exchange 10 by any other company 15 informal traders 10 foreign dividends 20 non residents tax on interest nil on certain fees and remittances 15 on royalties 15 residents tax. Non refundable tax credits 8 480 8 579 8 065 total income tax 42 165 43 920 42 303 employee contribution to pension plan 2 356 2 426 2 480 891 914. Therefore all income that accrues or is deemed to have accrued in zimbabwe is taxed in zimbabwe.

Zimbabwe amendments to the income tax act and introduction of new transfer pricing regulations february 2019 the new minister of finance issued a number of proposals to the income tax act chapter 23 06 most of which take effect from 1 january 2019. The tax rates and legislation in this reckoner are applicable from 1 january 2016 to 31 december 2016. Income tax bill 2012 pdf download details income tax transitional period provisions act chapter 23 07 updated income tax transitional period provisions act chapter 23 07 updated pdf download details revenue authority. Income tax act 58 of 1962 assented to 25 may 1962 date of commencement.

Zimbabwe presently operates on a source based tax system.