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Retained

  • Statutory Tax Rate 24
  • Surtax Based on Taxable Income 0
  • Surtax Based on Statutory Tax 3
  • Surtax Deductible from Taxable Income 0
  • Statutory Tax Deductable 0
  • Effective Tax Rate 24.72

Statutory Tax Rate

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

  • Statutory Tax Rate 5
  • Surtax Based on Taxable Income 0
  • Surtax Based on Statutory Tax 0
  • Surtax Deductible from Taxable Income 0
  • Statutory Tax Deductable 0
  • Effective Tax Rate 5

Statutory Tax Rate

Capital gains from the sale of shares in a private resident company by non-residents are taxed at the rate of 5%.

Gains derived from 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. Capital gains on the disposal of assets acquired on or after 22 February 2019 are subject to capital gains tax at the rate of 20% after applicable deductions (5% on assets acquired before 22 February 2019, with no deduction made before levying the 5%). The withholding tax on capital gains is offset against any assessed capital gains tax.