Taxation of international executives
Are there social security/social insurance taxes in your country/territory? If so, what are the rates for employers and employees?
NSSA 3.5 percent of basic salary limited to maximum basic of ZWL700.
Are there any gift, wealth, estate, and/or inheritance taxes in your country/territory?
Are there real estate taxes in your country/territory?
Are there sales and/or value-added taxes in your country/territory?
Yes value added tax charged at the standard rate of 15 percent; exports are zero rated.
Are there unemployment taxes in your country/territory?
Are there additional taxes in your country/territory that may be relevant to the general assignee? For example, customs tax, excise tax, stamp tax, and so on.
Customs and excise, stamp tax, on imports.
Is there a requirement to declare/report offshore assets (e.g. foreign financial accounts, securities) to the country/territory’s fiscal or banking authorities? Not necessary to declare the assets but foreign dividends and foreign interest income is taxable incomes in Zimbabwe.
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