|
Country Overview
|
|
Capital City:
|
Harare
|
|
Chief of State:
|
Robert Gabriel MUGABE
President since 1978
|
|
Head of Government:
|
Morgan TSVANGIRAI
Prime Minister since 2009
|
|
Area (sq km):
|
390,757 (land & water)
|
|
Population:
|
n/a
|
|
|
|
Revenue Overview
|
|
Revenue Authority:
|
Zimbabwe Revenue Authority
|
|
Administration Head:
|
Mr Gershem T. PASI
Commissioner General
|
|
Institution Address:
|
*
|
P.O. Box 4360
Harare, Zimbabwe
|
|
(
|
Mobile:
|
+263 712 420 830
|
|
'
|
Phone:
|
+263 4 792 317
|
|
7
|
Fax:
|
+263 4 792 113
|
|
;
|
e-Mail:
|
gtpasi@zimra.co.zw
|
|
Country Correspondent:
|
Mrs. Annah MUTOMBODZI
Acting Commissioner Investigations and Int. Affairs
|
|
Contact Details:
|
'
|
Phone:
|
+263 4 759 740
|
|
'
|
Phone:
|
+263 4 790 811 /-4
|
|
'
|
Phone:
|
+263 4 775 331 /2
|
|
7
|
Fax:
|
+263 4 792 113
|
|
;
|
e-Mail:
|
amutombodzi@zimra.co.zw
|
|
Country Correspondent:
|
Ms Sthembile Janet CHAKUNDA
Head Legal Drafting
|
|
Contact Details:
|
(
|
Mobile:
|
+263 772 351 685
|
|
'
|
Phone:
|
+263 4 756 159
|
|
7
|
Fax:
|
+263 4 774 087
|
|
;
|
e-Mail:
|
schakunda@zimra.co.zw
|
|
Country Correspondent:
|
Ms Tapiwa Mareya
|
|
Contact Details:
|
'
|
Phone:
|
+263 4 792 317
|
|
;
|
e-Mail:
|
tmareya@zimra.co.zw
|
|
Country Correspondent:
|
Mr Sheenan
|
|
'
|
Phone:
|
+263 4 752 969
|
|
|
|
Tax Rate Overview
|
|
Personal Income Tax:
|
|
Tax Year:
Calendar Year
|
|
Tax Rate:
Progressive to 35%, a 3% AIDS Levy is also imposed.
|
|
Individuals pay tax only on Zimbabwe-source earnings or income deemed to be Zimbabwe source.
-
Only income from a source within Zimbabwe or deemed to be from a source within Zimbabwe is subject to tax. This includes income from employment or income from trade and investments.
-
Individuals are not required to file returns if they are on the final deduction system of paying tax. Where an individual receives more than 1 source of income, changes employment during the year of assessment or terminates employment during the assessment year, he/she is required to submit a return upon notice to do so by the Commissioner.
|
|
Corporate Tax:
|
|
Tax Year:
Calendar Year (Taxpayers may seek approval from the Commissioner to use a different accounting year.)
|
|
Tax Rate:
25% (Lower rates may apply under incentive schemes.)
|
-
Tax returns must be filed by 30 April after the close of the tax year. The annual return must be supported by financial statements (which need not be audited). Income tax is paid quarterly, based on estimated annual taxable income, on 25 March, 25 June, 25 September and 20 December during the assessment year for taxpayers on a 31 December financial year end. For those with financial year ends other than 31 December, the Commissioner may allocate different payment dates upon application by the taxpayer.
|
|
Consumption Tax:
|
|
Nature of the Tax:
Value Added Tax (VAT)
|
|
Tax Rate:
15%
|
|
Filing & Payment:
With effect from 1st August 2010, the due date for the submission of VAT returns and payment has been extended from the 10th to the 15th of the month following the end of the tax period.
|
-
The VAT rate is 0% on some food stuffs. Some supplies are exempt from VAT, such as education, public transport and medical services.VAT is charged on the taxable supplies of goods and services in Zambia and on the import of goods. The import of services is normally taxable through a reverse charge VAT. The cash basis can be used in the construction sector, with prior approval. Cash accounting is mandatory for companies carrying on mining operations.
|
|
|
|
Economic Overview
|
|
GDP per capita (PPP) %:
|
n/a
|
|
Tax to GDP Ratio %:
|
n/a
|
|
Inflation Rate %:
|
n/a
|
|
Currency:
|
Zimbabwe Dollar
|
|