Taxation and Its Impact On Foreign Direct Investment (FDI)

TAXATION AND IMPACT ON FDI
275 H CHITEPO AVE, HRE TEL 250710 /25061/2 FAX 250647

TRACEY THREATENS TO QUIT UK
OVER 50% TAX RISE
275 H CHITEPO AVE, HRE TEL

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Definitions Section 2
FDI includes skills deployment,

spending decisions and capital
deployment (Investment and share
market participations)

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TAXHEADS
 VAT
 PAYE
 CUSTOMS DUTY
 PRESUMPTIVE TAX
 CORPORATE TAX
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/25061/2 FAX 250647
VAT
 Rate of VAT
 Remittance deadline
 Prohibited deductions
 Vat Refund turnaround period

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PAYE (skills deployment)
 Specialised skills and economic development
 Rates of tax (Bots 40%, Angola 15%, RSA 18%

on every rand then rebates, Zambia and Zim 35%
 Credits

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CUSTOMS DUTY
 Rates
 Timing
 Concessions
 Rebates and drawback of duty

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PRESUMPTIVE TAX
 New Investors
 Three months lead period
 10% presumptive tax

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CORPORATE TAX
 Rates
 Concessions
 Government agreement

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COUNTRIES THAT CHARGE 0%
INCOME TAX
 Andorra,
 Anguilla,
 Bahamas,
 Bahrain,
 Bermuda
 United Arab Emirates

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Other countries below Zim’s 25%
 Albania 10%,
 Bulgravia 10%
 Egypt 20%
 Hong Kong 15%
 Russia 20%
 Singapore 18%
 Lesotho 22%
 Cyprus 10%
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Other countries below Zim’s 25%
 Botswana 5% manufacturers and 10%

additional company tax when you declare a
dividend
 Normal rate 15 % plus ACT 10%

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Above 25% rate
 India 43%
 Japan 40.87%
 Australia, Malawi, Swaziland and Tanzania
-30%
 Burundi, Angola and Zambia 35%
 China 45% (SME 20%) and state encouraged
high technology 15%

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ABOVE 25% CONTINUED
 Namibia 35% but 18% for qualifying

manufacturers
 Mozambique 32%
 South Africa 28% and foreign Co 33%
 Angola 35% but 20% for agriculture / forestry,
50% Oil and 40% mining

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TAX INCENTIVES IN ZIMBABWE
CUSTOMS DUTY
 7 day grace period to pay duty SI 74 of 2009
 Rebates: pharmaceutical manufacturer
 Tyre manufacturer
 Motor vehicle assembler
 Electrical manufacturer
 Bus assembler

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CUSTOMS DUTY
 aircraft
assembler
 Inward processing rebate
 Trade Agreement
 Bonded warehouse
 Drawback of duty
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VAT
 Deferment of VAT by 90 Days on capital goods

for mining sector
 Farming input duty and VAT at 0%
 Only 3 prohibited deductions

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Corporate tax
 Mining
 100% CRA
 Losses carried forward indefinately
 15% Special Mining Leases
 Additional Profit Tax

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Industrial Park Developer
 5 Years tax holiday

 Thereafter taxed at a tax rate of 25%
 No WHT on all dividends
 Exempt from withholding tax (NTRF)
 exempt from Capital Gains Tax on disposal to
connected person

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BOOT / BOT
 5 years Tax holiday
 Taxed at 15% for the second five years
 25% thereafter

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Growth point
 new manufacturing project 10%
 New project providing infrastructure 15%
 SIA on construction of commercial buildings
 15% Investment allowance


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TOURISM
 Approved Tourist Development Zones
 0% for the first 5 years
 25% after the 5 year tax holiday
 Duty free importations

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ZIMBABWE AND FDI
 Room for improvement
 Need to have a national shared vision and have

tax incentives that feed into the country vision
 Taxation is just one of the elements / factors in

investment decisions

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THE NEW INCOME TAX BILL

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THE END
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Taxation and Its Impact On Foreign Direct Investment (FDI)

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TAXATION AND IMPACT ON FDI

275 H CHITEPO AVE, HRE TEL 250710 /25061/2 FAX 250647

275 H CHITEPO AVE, HRE TEL

FDI includes skills deployment,

275 H CHITEPO AVE, HRE TEL

275 H CHITEPO AVE, HRE TEL 250710

 Vat Refund turnaround period

 Specialised skills and economic development

 Rates of tax (Bots 40%, Angola 15%, RSA 18%

275 H CHITEPO AVE, HRE TEL

 Rebates and drawback of duty

 Three months lead period

 10% presumptive tax

275 H CHITEPO AVE, HRE TEL

275 H CHITEPO AVE, HRE TEL

275 H CHITEPO AVE, HRE TEL

 Botswana 5% manufacturers and 10%

 Normal rate 15 % plus ACT 10%

275 H CHITEPO AVE, HRE TEL

275 H CHITEPO AVE, HRE TEL

 Namibia 35% but 18% for qualifying

275 H CHITEPO AVE, HRE TEL

275 H CHITEPO AVE, HRE TEL

 Deferment of VAT by 90 Days on capital goods

 Farming input duty and VAT at 0%

 Only 3 prohibited deductions

275 H CHITEPO AVE, HRE TEL

 Losses carried forward indefinately

 15% Special Mining Leases

 Additional Profit Tax

275 H CHITEPO AVE, HRE TEL

 5 Years tax holiday

275 H CHITEPO AVE, HRE TEL

 5 years Tax holiday

 Taxed at 15% for the second five years

275 H CHITEPO AVE, HRE TEL

 new manufacturing project 10%

 New project providing infrastructure 15%

 SIA on construction of commercial buildings

 15% Investment allowance

 Approved Tourist Development Zones

 0% for the first 5 years

 25% after the 5 year tax holiday

 Duty free importations

 Room for improvement

 Need to have a national shared vision and have

 Taxation is just one of the elements / factors in

275 H CHITEPO AVE, HRE TEL

275 H CHITEPO AVE, HRE TEL

275 H CHITEPO AVE, HRE TEL 250710 /25061/2 FAX 250647

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