BUSINESS NEWS

Sugar tax harming Zimbabwe’s beverage industry

Zimbabwe’s largest business lobby, the Confederation of Zimbabwe Industries (CZI), has raised concerns that the country’s sugar content surtax on beverages is crippling local manufacturers and und...

By Staff reporter | Published: 11 hours ago

BUSINESS NEWS

Zimra's new system sees number of tax payers double

Zimbabwe's new Tax and Revenue Management System (TaRMS) has more than doubled taxpayer registrations within a year, marking a major breakthrough in the country's tax administration.Figures presented...

By Staff reporter | Published: 24 August 2025

BUSINESS NEWS

Digital shift boosts Zimbabwe's tax collections

Zimbabwe's domestic resource mobilisation drive has received a significant boost following the launch of a fully digital tax collection system, a move set to improve efficiency, reduce costs, save ti...

By Staff reporter | Published: 19 August 2025

FINANCIAL SERVICES

Fidelity Life records jump in profit after tax

Fidelity Life Assurance Zimbabwe has reported a sharp rise in profit after tax to US$6,1 million for the year ended May 30, 2025, more than doubling the US$2,4 million recorded in the prior period. Th...

By Staff reporter | Published: 12 August 2025

ZIMBABWE

ZSE pushes for another equities tax cut to boost selloffs

The Zimbabwe Stock Exchange Holdings (ZSEH) is lobbying the government for a further reduction in the capital gains withholding tax (CGWT) to make trading on the bourse more attractive and stimulate m...

By Staff reporter | Published: 10 August 2025

INDUSTRIALS & ENERGY

Zimbabwe's BMA in fresh drive to ditch sugar tax

The Beverage Makers Association (BMA) has renewed calls for the complete removal of Zimbabwe's Sugar Tax, warning that the levy threatens jobs, reduces formal manufacturers' tax contributions, and ero...

By Staff reporter | Published: 08 August 2025

BUSINESS NEWS

Zimbabwe signs multilateral tax agreement

Zimbabwe has formally signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (MAAC), joining over 150 jurisdictions in a global initiative to enhance cross-border tax co...

By Staff reporter | Published: 06 August 2025

BUSINESS NEWS

Cabinet approves agric sector taxes, permits review

Cabinet has approved a comprehensive review of licences, permits, levies and fees in the agriculture sector, with reforms specifically targeting the livestock, dairy farming and stockfeeds sub-sectors...

By Staff reporter | Published: 06 August 2025

BUSINESS NEWS

Zimbabwe govt mulls fresh taxes

Finance Minister Mthuli Ncube yesterday unveiled plans to impose new taxes, despite growing resistance from businesses and taxpayers who argue that Zimbabwe's current tax burden is already suffocating...

By Staff reporter | Published: 01 August 2025

ZIMBABWE

ZSEH pushes for tax incentives to lure SMEs onto bourse

The Zimbabwe Stock Exchange Holdings (ZSEH) is in talks with the government to secure tax incentives aimed at encouraging small and medium-sized enterprises (SMEs) to participate on the stock exchange...

By Staff reporter | Published: 23 July 2025

BUSINESS NEWS

Zimra defends aggressive tax enforcement

Foreign currency-generating sectors such as tourism and agriculture are being choked by excessive regulations, multiple taxes, and bureaucratic red tape, industry experts have warned. Despite being cr...

By Staff reporter | Published: 22 July 2025

BUSINESS NEWS

Delta loses US$74 million tax battle with ZIMRA

Delta Corporation has faced a major setback in its prolonged legal dispute with the Zimbabwe Revenue Authority (ZIMRA) after the Constitutional Court dismissed its appeal challenging previous rulings ...

By Staff reporter | Published: 13 July 2025

BUSINESS NEWS

Zimbabwe considering a Congestion Tax?

Harare is facing escalating challenges due to increasing motorisation, which has led to a congested and often polluted central business district (CBD). This congestion is affecting timely access to wo...

By Staff reporter | Published: 05 July 2025

BUSINESS NEWS

'Zimbabwe losing billions in tax revenue to informal sector'

Zimbabwe is losing between US$7.5 billion and US$8 billion in potential tax revenue every year due to the dominance of its informal sector, according to new estimates by the African Development Bank (...

By Staff reporter | Published: 04 July 2025

BUSINESS NEWS

Harare firm fined for failing to submit Income Tax returns

A Harare-based company, Investible Investments (Private) Limited, has been fined US$300 by the Harare Magistrates Court after it was found guilty of failing to submit income tax and Pay As You Earn (P...

By Staff reporter | Published: 03 July 2025

BUSINESS NEWS

Zim industry leaders call for Unified Taxation System

Zimbabwe's business community has raised concerns over the country's fragmented taxation system, urging the government to adopt a unified tax framework to alleviate the heavy burden of multiple taxes ...

By Staff reporter | Published: 01 July 2025

BUSINESS NEWS

Zimra faces deepening tax enforcement crisis

The Zimbabwe Revenue Authority (ZIMRA) is grappling with a growing tax enforcement crisis as the dominance of the cash economy, rampant informality, and high-profile tax disputes expose critical weakn...

By Staff reporter | Published: 26 June 2025

BUSINESS NEWS

Zimbabwe Parliament demands removal of punitive taxes

Parliament has sharply escalated pressure on Treasury to urgently scrap punitive taxes, including the highly contentious 2% Intermediated Money Transfer Tax (IMTT), by August 31, 2025, in a bid to hal...

By Staff reporter | Published: 26 June 2025

BUSINESS NEWS

Zimbabwe's Health Ministry details use of sugar tax revenue

The Ministry of Health and Child Care has broken its silence on the use of sugar tax revenues, providing an official account of funds received from the Treasury and how they have been allocated towar...

By Staff reporter | Published: 22 June 2025

BUSINESS NEWS

Mthuli Ncube under pressure to ease tax burden

Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube is facing mounting pressure from business leaders and economists to overhaul Zimbabwe's tax regime, with demands ...

By Staff reporter | Published: 19 June 2025

BUSINESS NEWS

Private sector, experts hail Zimra's TaRMS tax regime

Private sector players and financial experts have praised Zimbabwe's Tax and Revenue Management System (TaRMS) for significantly improving taxpayer accessibility and compliance, particularly among sma...

By Staff reporter | Published: 19 June 2025

BUSINESS NEWS

Border gridlock as Zimbabwe's new cement tax faces legal challenge

Over 50 haulage trucks loaded with white cement have been stranded at the Chirundu Border Post after the Zimbabwe Revenue Authority (ZIMRA) began enforcing a newly introduced 30 percent surtax on impo...

By Staff reporter | Published: 01 June 2025

INDUSTRIALS & ENERGY

Delta tax burden could soar to US$329m

Beverage giant Delta Corporation Limited risks a staggering US$329 million tax liability for its financial year ended March 31, 2025, if it loses ongoing court appeals against additional tax assessmen...

By Staff reporter | Published: 16 May 2025

BUSINESS NEWS

Treasury surpasses Q1 tax revenue target

Zimbabwe has exceeded its tax revenue collection target for the first quarter of 2025, with the Zimbabwe Revenue Authority (ZIMRA) collecting US$1.5 billion, marking a significant milestone in the gov...

By Staff reporter | Published: 13 May 2025

BUSINESS NEWS

Zimbabwe's Victoria Falls tax haven takes solid shape

The Zimbabwean government has taken a bold step toward transforming Victoria Falls into a leading regional financial hub with the establishment of the Victoria Falls International Financial Services C...

By Staff reporter | Published: 29 April 2025
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