The Minister of Finance and Economic Development in August 2019 presented the 2019 mid-term fiscal policy review statement.
Among the tax-related measures in the mid-term fiscal policy review statement and the draft finance bill are the following items:
There were no proposals for changes to the rebase capital allowances in respect of capital investment made in U.S. dollars prior to the introduction of the ZW dollar. This is expected to result in significant increases to the effective tax rates of businesses above the 25.75% corporate income tax rate.
Read an August 2019 report [PDF 1.5 MB] prepared by the KPMG member firm in Zimbabwe
The Finance Act No. 2 of 2019 was published in the official gazette on 21 August 2019. There were changes made in the final version of the legislation. Read TaxNewsFlash
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