Zimbabwe Tax Rates
Zimbabwe operates a progressive personal income tax system with rates up to 40%. The Zimbabwe Revenue Authority (ZIMRA) administers the system, featuring a 24.72% effective corporate tax rate, 15% VAT, and capital gains taxation. Zimbabwe has experienced significant currency reforms, introducing the Zimbabwe Gold (ZiG) currency. The economy is driven by mining (gold, platinum, lithium), agriculture, and tourism.
Top Income Tax Rate
40%
Corporate Tax Rate
24.7%
VAT / Sales Tax
15%
Capital Gains Tax
20%
Detailed Tax Information
Income Tax Brackets
Zimbabwe levies progressive income tax with rates from 0% to 40% (in USD equivalent). Employment income is taxed through PAYE. A 3% AIDS levy applies on top of income tax. Tax may be paid in local currency or USD depending on the income source.
| Income Range | Tax Rate |
|---|---|
| $0 – $12K | 0% |
| $12K – $36K | 20% |
| $36K – $60K | 25% |
| $60K – $120K | 30% |
| $120K+ | 40% |
Corporate Tax
The standard corporate tax rate is 24.72% (24% plus 3% AIDS levy). Special mining and petroleum provisions apply. Companies in Special Economic Zones may benefit from a 15% rate. A 2% Intermediated Money Transfer Tax (IMTT) applies to electronic transactions.
Standard Rate
24.7%
Capital Gains Tax
Capital gains tax is levied at 20% on immovable property gains. Listed securities are subject to 1% of gross proceeds. A withholding tax of 15% applies to non-resident sellers of immovable property.
Rate
20%
VAT / Sales Tax
VAT is levied at 15% on most goods and services. Basic food items, healthcare, and education are exempt or zero-rated.
Standard Rate
15%
Cryptocurrency Tax
Zimbabwe does not have specific cryptocurrency legislation. The Reserve Bank of Zimbabwe has banned financial institutions from processing crypto transactions, but peer-to-peer trading occurs.
Tax Treaties
Zimbabwe has approximately 18 double taxation agreements.
Treaty Network
18
Double taxation agreements
Major treaty partners:
Key Details
Relocate to Zimbabwe
See how much you could save by moving here from your current country.
$-2,938
Tax in United States
$24K
24.4% effective
Tax in Zimbabwe
$27K
27.3% effective
Additional Cost
12.1%
more tax annually
US Citizens: Important Note
US citizens are taxed on worldwide income regardless of residence. You'll still need to file US taxes, though the Foreign Earned Income Exclusion and Foreign Tax Credit may reduce your liability.
