The corporate tax rate is 24% (reduced from 25% effective 1 January 2020). An Aids Levy at the rate of 3% of the corporate tax liability is also payable bringing the effective tax rate to 24.72% (previously 25.75%).

Capital gains realized on the disposal of assets, including immovable property and unlisted shares, acquired on or after 22 February 2019, are subject to capital gains tax at the rate of 20% after applicable deductions (for assets acquired before 22 February 2019, the capital gains tax rate was 5% with no deduction made before levying this rate).

Gains realized on the disposal of listed marketable securities are subject to withholding tax at the rate of 1.5% if held for at least 6 months or 2% if held for less than 6 months (increased from 1% effective 1 January 2022). Effective 1 August 2020, an exemption is provided for capital gains on the sale or disposal of any shares or other marketable securities listed on the Victoria Falls Stock Exchange.

The withholding tax on capital gains is offset against any assessed capital gains tax.