Zimbabwe

Paying Taxes in

Zimbabwe

Below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

This information was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 189 economies. The most recent round of data collection was completed in 2013 (January 1, 2013 – December 31, 2013).

Compare Zimbabwe to 188 other economies.

Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Corporate income tax 4 78 25% taxable profit 17.91
Property tax 12 various rates property value 8.15
Social security contributions 0 paid jointly 96 3% gross salaries with ceiling 3.58
Manpower development duty 12 1% gross salaries 1.13
Capital gains tax 1 20% capital gains 0.71
Standards development levy 2 0.5% gross salaries 0.56
AIDS levy 0 paid jointly 3% surcharge on corporate income tax 0.54
Road tax 4 240 fixed fee 0.18
Tax on check transactions (stamp duty) 1 USD 0.05 per check 0.01
Tax on interest 0 15% interest income 0.00
Social tax on employee 0 paid jointly 3.5% gross salaries with ceiling 0.00
Fuel tax 1 included in fuel price 0.00 small amount
Value added tax (VAT) 12 68 15% value added 0.00 not included
Totals: 49.0 242.0 32.8

Notes:
Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.
The hours for VAT include all the VAT and sales taxes applicable.
The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.

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