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29 September 2025

Inheritance Rebate

(Tax Corner)

Section 130 of the General Regulations as read with section 120 (1)(b) of the Act provides for a rebate of duty on...

29 September 2025

Question Of The Day

Question

What type of taxes are payable to ZIMRA

Answer

The following are some of the types of tax that are payable to ZIMRA

Income tax – tax levied on business income for individuals or companies or any other entities and it varies with their respective income or profits (taxable income).

PAYE (Employee tax)- a withholding tax charged on salaries (income) payable to employees. 

Value Added Tax- is an indirect tax on consumption, charged on the supply of taxable goods and services. It is levied on transactions rather than directly on income or profit, and is also levied on the importation of goods and services.

Capital Gains Tax- paid when a person/ company sells an immovable property or marketable securities.

Customs duty- levied on importation of goods into the country

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