Zimbabwe 2017 Budget Measures

Zimbabwe's Ministry of Finance Patrick Chinamasa presented the 2017 Budget to parliament on 8 December 2016. The main tax measures are summarized as follows:

• Extending the formula based limit on the deduction of administration and management expenses incurred by a subsidiary or local branch on transactions with parent companies to also limit the deduction of such expenses incurred on transactions with associated companies;
• Removing the general capital gains tax exemption for intangibles by a…