Corporate - Significant developments

Last reviewed - 28 February 2024

The legislation has been effectively amended to oblige businesses to account for corporate income tax in ZWL and USD in based on fair and reasonable attribution of expenses to the generation of income in either the ZWL or in foreign currency. With effect from 1 January 2022, taxpayers are obliged to render separate income tax returns for in come earned in foreign currency while another has to be rendered for income earned in ZWL.