Zimbabwe Corporate Income Tax Rate

Corporate tax rates in zimbabwe standard rate is 25 and in addition there is a 3 aids levy on the tax making the rate effectively 25 75 capital gain tax rates in zimbabwe the capital gains tax shall be calculated at a rate of 20 of the capital gain determined in accordance with the cgt act.

Zimbabwe corporate income tax rate. Nrst is payable at a rate of 15 unless treaty relief is available. Tax rate income of individual from trade and investments 14 2b 24 income of company or trust 14 2c 24 income of pension fund from trade or investment 14 2 d 15 income of licensed investor during first five years of 14 2 e. Zimbabwe presently operates on a source based tax system. Dividends from companies listed on the zimbabwe stock exchange have a rate of 10.

Yes investment income is taxable at an effective rate of 25 75 percent being 25 percent plus 3 percent aids levy while capital gains on specified assets are taxable at 20 percent. The corporate tax rate in zimbabwe stands at 25 percent. This page displays a table with actual values consensus figures forecasts statistics and historical data charts for list of countries by corporate tax rate. Zimbabwe corporate tax rate â the corporate tax rate is 25 reduced from 30 as from 1 january 2010 although lower rates may apply under incentive schemes.

Nrst is payable within ten days after declaration of the dividend. Residence â a company is resident if its central management and control is in zimbabwe. This rate includes a base rate of 24 plus a 3 aids levy. Corporate tax rate in zimbabwe averaged 27 22 percent from 2006 until 2018 reaching an all time high of 30 90 percent in 2007 and a record low of 25 percent in 2017.

Taxpayers need a current guide such as the worldwide corporate tax guide in such a shifting tax landscape especially if they are contemplating new markets. Basis â companies are taxed on zimbabwe source income. The content is straightforward. List of countries by corporate tax rate provides a table with the latest tax.

As of 1 january 2020 the corporate income tax cit rate for companies other than mining companies with special mining leases but including branches is reduced to 24 72 previously 25 75.