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 December 2012.

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 19.5 separating out the AIDS levy
Property tax 12 various rates property value 8.1
Social security contributions 0 paid jointly 96 3% gross salaries with ceiling 3.4
Road tax 4 USD 240 fixed fee 1.2
Manpower development duty 12 1% gross salaries 1.1
Capital gains tax 1 20% capital gains 0.7
Standards development levy 2 0.5% gross salaries 0.6
AIDS levy 0 paid jointly 3% surcharge on corporate income tax 0.6
Tax on check transactions (stamp duty) 1 USD 0.05 per check 0.1
Tax on interest 0 15% interest income 0
Value added tax (VAT) 12 68 15% value added .. not included
Fuel tax 1 included in fuel price .. small amount
Totals: 49 242 35.3

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