Zimbabwe taxation tutorial l - free download as pdf file (pdf), text file (txt) or read online for free zimbabwe taxation laws. University of pacific-economics 53 lecture notes #17 i introduction to taxation government plays an important role in most modern economies. Zimbabwe repaid roughly $108 million in arrears to the imf in october 2016, but financial observers note that zimbabwe is unlikely to gain new financing because the government has not disclosed how it plans to repay more than $17 billion in arrears to the world bank and african development bank. Annually updated handbook on the tax laws and regulations in zimbabwe including the income tax act, plus basic information on starting a business.
Library of congress cataloging-in-publication data lederman, leandra understanding corporate taxation /leandra lederman, p cm (understanding series). The double taxation convention entered into force on 11 february 1983 its effective in zimbabwe from: 1 october 1981 for interest tax 1 april 1981 for other provisions. This study evaluates the revenue productivity of zimbabwe’s overall tax system and of individual taxes on the basis of estimates of tax buoyancy using yearly time series data for the period 1975-2008.
Taxation in zimbabwe look up tax rates, the latest tax news and information on double taxation treaties with our specialist online resources, guides and useful links . Taxation in zimbabwe: taxation is a subject that is feared by many students, but in actual fact, this is by far the simplest subject this book is. History of zimbabwe jump to navigation jump to search this article needs to be updated please update this article to reflect recent events or newly available .
Legislation zimbabwe: administrative / public law / agriculture law / arbitration law / banking law / civil law / commercial law / communications and media law . A report for the jesuit centre for theological reflection the taxation system in zambia executive summary final report january 2011 this study was prepared by messrs alfred mwila, david manley, patrick chileshe, ezekiel phiri and kelvin. Question write an analysis of the developments of the taxation system in zimbabwe from pre to post colonial zimbabwe (25) the tax system currently enforced in zimbabwe under the authority of the income tax act chap 2306 with acts like the capital gains act chap 2301, finance act chap 2304 and the excise duties act as complimentary.
Zimbabwe corporate tax rate in zimbabwe, the corporate income tax rate is a tax collected from companies its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. Zimbabwe taxation outlines paying income tax in zimbabwe, tax deductions in zimbabwe and calculating your tax in zimbabwe. In zimbabwe tax is classified under proportional tax, progressive tax, regressive tax and direct tax individuals’ income from employment is taxed using tax bands, while income from trade or investment has been taxed at the same rate as that for corporate tax which was a flat rate 30% in 2009 and has gone down to 25% in 2010. Taxation of dividends – dividends received from a zimbabwe company are exempt from income tax foreign-source dividends are subject to tax, with any withholding tax deducted in the foreign country able to be credited up to the amount of the tax applicable in zimbabwe.
With the government of zimbabwe experiencing a lot of resource constraints, a lot of ideas have floated around on how to widen the tax base and as a result expand the fiscal space. Taxation registration is done within 30 days after your pbc or pvt ltd has been incorporated in zimbabwe please note that failure to register with zimra (tax authorities) is an offence which attract penalties and interest. The agreement between the government of the republic of south africa and the government of southern rhodesia (which is now of application to zimbabwe) for the avoidance of double taxation.