Coporate Tax Guide

Coporate Tax Guide

The Zimbabwe Revenue Authority (ZIMRA) administers corporate taxation in Zimbabwe under the Income Tax Act [Chapter 23:06] and relevant fiscal policies. This guide provides an overview of corporate tax obligations for businesses operating in Zimbabwe in 2025.

1. Corporate Tax Rates (2025)

  • Standard Corporate Tax Rate: 24% (for most companies).
  • Special Rates:
  • Mining Companies: Varies based on mineral type (e.g., 15% for diamonds, 10% for platinum).
  • Non-Profit Organizations (NPOs): Tax-exempt if compliant with ZIMRA requirements.
  • Small & Medium Enterprises (SMEs): Progressive tax rates apply (based on turnover).

2. Taxable Income

Corporate tax is levied on:

  • Gross income (local & foreign-sourced for resident companies).
  • Capital gains (taxed separately at 20%).
  • Withholding taxes (dividends, royalties, interest).

Exemptions/Deductions:

  • Export incentives (e.g., 20% deduction for export earnings).
  • Special Economic Zones (SEZ) benefits (tax holidays for qualifying businesses).

3. Filing & Payment Deadlines

Tax TypeFiling DeadlinePayment Deadline
Provisional TaxQuarterly (25th of Mar, Jun, Sep, Dec)Same as filing date
Annual Tax Return30 April 2026 (for 2025 FY)30 April 2026

Penalties for Late Filing:

  • 5% late payment penalty + 2% monthly interest.

4. Key Compliance Requirements

  • Tax Clearance Certificate (TCC): Mandatory for government tenders and license renewals.
  • Transfer Pricing Documentation: Required for multinationals (OECD-aligned rules).
  • Electronic Tax Filing (eFiling): Mandatory for all registered businesses.

5. Recent Changes (2025 Updates)

  • Digital Services Tax (DST): 5% levy on non-resident digital service providers.
  • Carbon Tax: New environmental levy for specified industries.
  • Revised Presumptive Taxes for informal sector businesses.

6. How to Register for Corporate Tax

  1. Submit Form ITF1 to ZIMRA.
  2. Provide company registration documents (CR14, CR6).
  3. Obtain a Tax Identification Number (TIN).

Online Registration: ZIMRA eServices Portal

7. Need Help?

Consult a ZIMRA-authorized tax advisor or contact:

  • ZIMRA Hotline: +263 242 758 891
  • Email: contact@zimra.co.zw

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