Corporate Income Taxes

02/09/2025

Corporate Income Tax Rate: Effective from 1 January 2024, the corporate income tax (CIT) rate for companies in Zimbabwe is 25.75%, which includes a base rate of 25% and an additional 3% AIDS levy.
Tax System: Zimbabwe operates on a source-based tax system, meaning income from sources within Zimbabwe is subject to tax unless exempted. This also applies to income earned by foreign companies from sources within Zimbabwe.
Local Registration: Foreign companies with a place of business or trading activities in Zimbabwe must register a branch. A local subsidiary company can be registered as an alternative. Non-residents without a business presence may be subject to withholding tax (WHT).
Local Income Taxes: There are no provincial or local income taxes payable in Zimbabwe.