East & Southern Africa
Zimbabwe: tax at a glance
A source-based, multi-currency (USD/ZWG) system. Top personal rate is 40%, corporate is 25%, both plus a 3% AIDS levy, and VAT rises to 15.5% in 2026.
Territorial
Last verified
The taxes
- Personal income (top)
- 40%Progressive up to 40% on income above USD 120,000/year. A 3% AIDS levy lifts the effective top rate to 41.2%.
- Corporate income
- 25%
- Capital gains
- 20% on immovable property, 5% on listed securities.
- VAT
- 15.5%
- Dividends (WHT)
- 10% for listed shares, 15% for unlisted.
- Interest (WHT)
- 15%
- Royalties (WHT)
- 15%
- Social security (employee)
- 4.5% (NSSA).
- Social security (employer)
- 4.5% (NSSA).
- Wealth tax
- None
- Inheritance / estate
- Estate duty of 5%.
- Property tax
- Local authority rates, plus capital gains or transfer tax on property.
- Other
- A 3% AIDS levy on income tax, plus a 2% IMTT on electronic transactions.
How the system works
- Tax system
- Territorial
- Foreign income
- Largely outside scope (territorial)
- Taxes by citizenship
- No
- Exit tax
- No
- CFC rules
- No
- CRS
- Not participating
The rates below are indicative headline figures (top marginal, standard, and headline rates), reviewed 2026-07. Brackets, surcharges, and state, provincial or cantonal taxes vary. Treat this as a reference map, not advice.
Sources (2)
Secondary references