Zimbabwe Tax Calculators · Fringe Benefit Tax
Fringe Benefit Tax Calculator
Compute the deemed taxable value of company-provided benefits — car, housing, school fees, low-interest loans — under the Income Tax Act 7th Schedule.
Pick a benefit
Determines the deemed monthly value.
Deemed values — company car (per month)
| Engine capacity | USD/month |
|---|---|
| Up to 1500cc | 100 |
| 1501 – 2000cc | 200 |
| 2001 – 3000cc | 300 |
| Over 3000cc | 400 |
Indicative bands — ZIMRA publishes the deemed values annually in a Public Notice. Update the figures here if the gazetted bands have moved.
How each benefit is valued
1
Company car
Deemed monthly value by engine capacity (above), regardless of actual usage.
2
Housing
Higher of market rent or actual rent paid by the employer, less any contribution from the employee.
3
School fees
Total fees paid by the employer (per child, per year) divided by 12 = monthly addition.
4
Low-interest loan
Difference between the reference rate and the rate the employee pays, applied to the principal. Loans below the de minimis threshold are exempt.
Statutory anchors
- Income Tax Act [Chapter 23:06] — 7th Schedule (fringe benefits)
- ZIMRA Public Notice on motor-vehicle deemed values