Social security contributions
Zimbabwe has a limited social security system. The National Social Security Scheme (NSSS) is compulsory for all resident employees.
NSSS contributions are payable at the same rate of 4.5% of basic salary by the employer and employee, with a salary cap set at ZWL 5,000 per month.
Manpower training levy
Subject to some exceptions, employers are required to pay a 1% monthly training levy (on the gross wage bill) to the Zimbabwe Manpower Development Authority.
Under the Workmen's Compensation Act, employers are required to contribute to a fund that provides cash benefits for industrial injury, disability, and death. Contribution rates are supposed to vary according to inherent occupational risk, from less than 2% in most low-risk commercial/administrative occupations to 11% for high-risk sectors.
Standards Development Fund
With a few exceptions, employers are required to pay 0.5% of their quarterly gross wage bill to the Standards Development Fund. The amount is payable on all payments made by the employer on behalf of the employee, including medical aid and pension contributions.
Capital gains tax
Capital gains tax applies to the sale of immoveable property or shares in private or listed companies. The general rate is 20% of the net gain, but there are special provisions in place because of the demonetisation of the Zimbabwe dollar for assets acquired before February 2009. The rate applicable to shares that are quoted on The Zimbabwe Stock Exchange is 1% of the selling price (withheld by the stock-brokers).
Value-added tax (VAT)
VAT is a transaction tax, and the implications will vary for different transactions. Some transactions are taxed at a rate of 14.5% or 0% while other transactions are exempt from VAT. See the Other taxes section in the Corporate tax summary for more information.
Inheritance, estate, and gift taxes
A rate of 5% is charged on the value of estates exceeding USD 50,000. Exemptions from this duty include the value of a family home and certain life insurance policies.
Property taxes are levied by cities, towns, and rural councils. Each of these bodies conducts periodic valuations of the properties in their area and annually set out a 'rates schedule' based on a percentage of the valuations. These may alter each year depending upon the entities budgetary requirements for funds. Valuations of the properties are usually based on estimates as there are very few qualified property valuators operating in Zimbabwe at present.