Foundations of Capital Gains Tax in Zimbabwe

Executive summary

Capital Gains Tax (CGT) in Zimbabwe is a statutory tax on capital gains arising from the disposal of a “specified asset” (most notably immovable property in Zimbabwe and marketable securities) and is administered by the Zimbabwe Revenue Authority (ZIMRA) under the Capital Gains Tax Act [Chapter 23:01].

Two “foundational” themes drive most CGT disputes and compliance work in practice. First is classification: when a sale produces “capital” (CGT system) rather than “revenue / trading” receipts taxed under the Income Tax framework. Zimbabwe’s CGT Act explicitly builds this boundary into the CGT base by excluding from “gross capital amount” any amount proved to be “gross income” (i.e., a revenue receipt) under the Income Tax framework. Second is administration at the “transaction gate”: Zimbabwe relies heavily on withholding and clearance processes around property conveyancing and securities-market infrastructure, so paying/withholding CGT is often a condition precedent to transfer/settlement in practice.

Historically, Zimbabwe’s CGT regime dates to the commencement of the CGT Act on 1 August 1981, with many subsequent Finance Act amendments. In recent years, policy attention has centered on capital markets transaction costs, including changes to capital gains withholding tax (CGWT) on listed securities: for example, the Finance (No. 2) Act, 2024 (Act No. 7 of 2024) amended section 39 of the Finance Act [Chapter 23:04] to impose 1% CGWT on listed securities, explicitly stating the amount withheld is final tax, with effect from 28 December 2024.

From a policy perspective (useful for framing “why CGT exists”), mainstream tax-policy literature highlights CGT’s role in revenue, equity, and economic incentives (including potential distortions), while emphasizing that design choices (rates, reliefs, realization vs accrual, inflation adjustments, exemptions) strongly affect outcomes.

Learning objectives and lesson framing

By the end of this lesson, participants should be able to (and be assessed on the ability to):

Explain what CGT is in Zimbabwe, identify what problem it is intended to solve in the tax system, and distinguish CGT from income tax in both concept and administration.

Identify and apply the gateway statutory provisions in the Capital Gains Tax Act [Chapter 23:01], especially the charging provision, core definitions used to compute the tax base, and the statutory definition of “specified asset.”

Describe (at a practitioner level) how Zimbabwe’s CGT regime evolved over time, including “milestone” reforms and recent changes affecting listed securities withholding.

Analyze whether a disposal is on capital or revenue account using structured legal reasoning tools (e.g., “badges of trade” factors as an analytical framework), and explain the consequence of that classification for CGT vs Income Tax.

Compute CGT/C GWT in common scenarios using correct formulas, and explain how withholding interacts with final liability (credit vs final tax) in Zimbabwe.

Lesson map

This lesson is organized as an integrated “foundation layer” for the full course:

Introduction to CGT → Purpose and policy rationale → Zimbabwe history and legislative timeline → Relationship with Income Tax → Capital vs revenue characterization → Structure and key provisions of [Chapter 23:01] → ZIMRA administration (returns, withholding, assessment, enforcement).

Core lesson narrative

Introduction to CGT

Definition for Zimbabwe course purposes

In Zimbabwe, CGT is charged on “capital gains” received by or accrued to a person during a year of assessment, arising from the sale/disposal of specified assets, under the Capital Gains Tax Act [Chapter 23:01]. The Act’s charging provision states that CGT is charged, levied, and collected throughout Zimbabwe for the benefit of the Consolidated Revenue Fund.

ZIMRA’s public guidance summarizes CGT as a tax on the capital gain arising from disposal of a specified asset, and describes specified assets (at a high level) as immovable property and marketable securities.

Policy rationale in one paragraph

CGT typically exists to broaden the tax base so that economic gains from increases in asset values can be taxed rather than escaping taxation simply because they do not arise as “income from trade.” In tax-policy terms, governments commonly weigh CGT reforms against objectives such as raising revenue, promoting fairness (equity), and managing efficiency impacts on investment/saving and transaction behavior.

Key statutory anchors (Lesson 1)

Charging: Capital Gains Tax Act [Chapter 23:01], section 6 (Charging of capital gains tax).
Core computation concepts: section 8 (Interpretation of CGT terms, including “gross capital amount,” “capital amount,” “capital gain”); deductions: section 11 (Deductions allowed).
Specified asset definition: section 2 (Interpretation—definition of “specified asset”).

Primary-source links (priority order)

ZIMRA—Capital Gains Tax overview page (public guidance).
ZIMRA—Capital Gains Tax Act [Chapter 23:01] (consolidated PDF).

Purpose of CGT in the tax system

CGT can be taught rigorously by separating its “purpose” into three examinable pillars, and then testing trade-offs.

Revenue purpose

From a system-design perspective, CGT is one way to expand the tax base to cover gains that may otherwise remain untaxed, supporting government revenue needs as part of an overall tax-policy strategy. The IMF frames tax policy as balancing revenue needs with efficiency and equity objectives—this is a helpful lens for CGT design debates.

Equity purpose

A common equity argument is horizontal equity: taxpayers with similar economic capacity/gains should bear comparable tax burdens, whether the gain arises through wages/trade or through asset disposals. The OECD notes that many CGT systems can undermine equity depending on design, and that reform involves trade-offs among equity, distortions, and revenue potential.

Economic effects and behavioral responses (what students should be able to discuss)

CGT design can affect incentives to hold vs sell assets, structure transactions, and choose between investment forms. Policy literature frequently discusses “realization-based” CGT systems and potential distortions; the OECD emphasizes that design and relief measures matter and evidence for some pro-investment justifications is mixed.

Zimbabwe-focused teaching note

Zimbabwe’s CGT administration relies materially on withholding mechanisms and intermediaries, especially for property and securities, which can make CGT feel like a “transaction tax at transfer/settlement.” That administrative reality can influence economic behavior (timing, structuring, compliance).

Historical development of CGT in Zimbabwe

Anchoring point: commencement and continuous amendment

The Capital Gains Tax Act commenced on 1 August 1981 and has been amended by numerous Acts and instruments over time (the consolidated Act lists a long sequence of amending Acts).

Milestone timeline (selected high-impact changes for practitioners)

The table is intentionally selective: it highlights amendments that most practitioners encounter in property and securities practice or that signal major policy shifts. Items not confirmed by an accessible primary text are marked unspecified.

Mermaid timeline of selected Zimbabwe CGT legislative history

timeline
  title Zimbabwe CGT - selected milestones for practice
  1981-08-01 : CGT Act commences; CGT charged on capital gains (s.6)
  1999 : Part IIIA CGT Withholding regime develops (depositaries/agents/returns) (exact start unspecified)
  2005-10-17 : Suspension of Part IIIA for marketable securities lifted (SI 188/05 referenced in Act notes)
  2009-02-01 : Modern-era computation baseline in guidance (20% of capital gain; FX rule for foreign currency disposals)
  2014-01-01 : Guidance expands CGT to certain cession-type disposals
  2017-01-01 : Guidance expands "specified asset" to certain registered rights (incl. mining/IP registers)
  2024-06-28 : Temporary 2% final CGWT on listed securities (SI 110/2024)
  2024-12-28 : 1% final CGWT on listed securities (Finance (No.2) Act 2024, s.26)

(Interpretive note: This timeline is based on accessible consolidated statutes/guidance and is intentionally limited to “teachable” milestones most likely to appear in practice problems. Where an exact commencement date for a specific intermediate amendment is not available in the accessible primary text, it is marked unspecified.)

Relationship between CGT and Income Tax

A Zimbabwe CGT course should teach this relationship as a boundary rule + interaction rule.

Boundary rule: one economic event, one primary characterization

Zimbabwe’s CGT base is constructed to exclude revenue receipts. The CGT Act defines “gross capital amount” as amounts from sale of specified assets excluding amounts proved by the taxpayer to be “gross income” (i.e., income-taxable) and then builds the CGT computational chain from gross capital amount → capital amount → capital gain.

Conceptually: if a transaction is “trading” (revenue), it should ordinarily be taxed under the Income Tax rules; if it is an investment/capital realization, CGT applies.

Interaction rule: shared concepts and cross-references

The CGT Act explicitly imports meanings from the “Taxes Act” / Income Tax framework for many interpretive concepts (assessment, returns, etc.), unless otherwise defined. This is a principle of statutory architecture: it reduces duplication and aligns administration.

Practical overlap scenarios (teach with examples)

Property developer vs long-term homeowner: a developer selling stands repeatedly may be treated as trading (income tax), whereas a long-term owner selling an investment property is commonly on capital account (CGT). The key is characterization of the activity, not merely the asset type.

Share trader vs investor: frequent buying/selling with profit motive and short holding periods can look like trading; a pension fund or investor disposing of a long-held portfolio looks like capital. (In Zimbabwe, however, listed securities also have special CGWT “final tax” rules depending on the period/regime—so the statutory overlay must always be checked.)

Zimbabwe case law touchpoint (administrative boundary in action)

In Sabeta v Commissioner General Zimbabwe Revenue Authority (HH79-12), the dispute arose at the property-transfer interface with CGT clearance: the case illustrates how CGT administration can block conveyancing and why statutory powers must be exercised within the enabling Act. Even though the case is not a “capital vs revenue” classification case, it demonstrates the real-world consequences of CGT gatekeeping in transactions.

Concept of capital vs revenue gains

This is the most conceptually difficult part of CGT foundations, and is also the part where exam questions often hide.

Core conceptual distinction

A capital receipt/gain generally arises from the disposal of an asset held as an investment or as part of the taxpayer’s fixed capital structure, while a revenue receipt arises from the taxpayer’s trading operations (selling trading stock or conducting a profit-making scheme that amounts to trade). Zimbabwe’s CGT statute embeds this concept by excluding from CGT amounts that are proved to be income-tax “gross income.”

Legal tests and structured analysis

Zimbabwe-specific published judgments explicitly articulating “badges of trade” in open-access databases may be limited; however, Zimbabwe is a mixed/common-law jurisdiction and practitioners commonly structure the analysis using well-known common-law indicators.

A robust classroom method is to teach a two-stage test:

Stage A: Intention and “overall impression.”
Was the asset acquired/held primarily for investment (capital) or for resale at a profit as part of trade (revenue)? This is not determined by a single factor; it is determined by an overall assessment, consistent with the approach described in badges-of-trade guidance (no single badge is conclusive; decide on overall impression).

Stage B: Badges-of-trade indicators (evidence checklist).
Common indicators include profit-seeking motive, frequency of transactions, nature of asset, value-added work/changes, method of financing, holding period, and sales/marketing method. HMRC’s Business Income Manual summarizes the approach as one of weighing all badges and taking an overall impression. While this is UK guidance, it provides a disciplined analytical checklist that translates well to Zimbabwe exam problems and advisory work.

Zimbabwean authorities and cases to cite in this foundational lesson

Because many CGT “capital vs revenue” characterization disputes may be resolved administratively (and not always reported), a Zimbabwe-focused lesson should still provide Zimbabwe citations that illustrate the CGT boundary and administrative enforcement points, while candidly identifying where a detailed “capital vs revenue” reported authority is not located in accessible databases.

Old Mutual Zimbabwe Ltd v Commissioner-General of ZIMRA & ZIMRA (HH 143/16) (summary source: consolidated CGT Act annotations) — noted for the proposition that proceeds of shares sold by employees to meet PAYE obligations from an employee share trust scheme were treated as an amount liable for CGT. Full judgment text not retrieved in this research run; treat details beyond this proposition as unspecified unless the reported judgment is consulted.

Sommer Ranching (Pvt) Ltd v Commissioner of Taxes 1999 (1) ZLR 438 (SC) (quoted in later tax-appeal discussion) — commonly cited for the principle that, on appeal where the Commissioner exercised a discretion, the Special Court may exercise its own original discretion and is not restricted to the evidence before the Commissioner. While not a pure “capital vs revenue” case, it is relevant to how classification disputes may be litigated on appeal.

Caution for teachers: a dedicated “capital vs revenue” Zimbabwe case set for Lesson 1 may require access to paid reports/official repositories beyond the open web; if you adopt additional case authorities, cite the report series and provide extracts in class packs.

Links to diagrams for teaching “capital vs revenue” analysis

For visual teaching aids, the following online images/diagrams can be referenced in slides or LMS materials (note: these are not Zimbabwe sources; they are explanatory visuals):

Badges of trade (slide-style visual).
Nine badges of trade (image listing).

(When using non-Zimbabwe visuals, explicitly tell students they are analytical aids, and the governing law remains Zimbabwe statutes and Zimbabwe authority.)

Overview of the Capital Gains Tax Act [Chapter 23:01]

Legislative structure (how to “read” the Act)

The consolidated CGT Act is organized into Parts that map neatly onto compliance workflow:

Part I (Preliminary) contains the short title and interpretation (“definitions”).
Part III contains the core CGT charge and computational architecture, including the charging section and the definitions used to compute capital gain and tax.
Part IIIA introduces capital gains withholding tax, allocating duties to depositaries and agents.
Later Parts apply “Taxes Act” provisions for returns/assessments, objections/appeals, and recovery mechanisms (integrating CGT into Zimbabwe’s broader tax administration machinery).

Key provisions for Lesson 1 (high value for later lessons)

Charging provision: s.6 charges CGT on capital gains received/accrued during a year of assessment (with the Act reflecting applicability to gains from sales on or after 1 Aug 1981).

Calculation: s.7 provides that CGT is computed by applying CGT rates (from the Charging Act/Finance Act framework) to the capital gain determined under the Act—reinforcing that [Chapter 23:01] supplies the base, while rates are often fixed elsewhere.

Meaning of “specified asset”: defined in s.2 and includes, at minimum, immovable property in Zimbabwe and marketable securities, with later expansions reflected in official guidance (e.g., certain registered rights).

Core computational terms (teach as a “chain”): the Act defines gross capital amount, capital amount, and capital gain in its interpretation provisions for CGT; this chain is essential for every calculation question.

Statute “map” table (useful for students)

Role of ZIMRA in CGT administration

ZIMRA’s functional roles across the CGT lifecycle

Although the Act’s technical language refers to the Commissioner/Commissioner-General and statutory duties, a practical Zimbabwe CGT course should teach ZIMRA’s role as an end-to-end administrator:

Registration and control of intermediaries (“depositaries”): ZIMRA guidance defines the depositary concept broadly (including conveyancers, legal practitioners, estate agents, building societies, the Sheriff or Master of the High Court, stockbrokers, and financial institutions). This explains why CGT compliance frequently occurs through third parties rather than only through the seller.

Collection through withholding: Part IIIA sets up withholding by depositaries and agents and provides enforcement tools and penalties for failure.

Returns and assessments: the Act applies “Taxes Act” mechanisms to returns and assessments, allowing ZIMRA to assess and enforce under the broader tax administration model.

Clearance practice in conveyancing: litigation shows that ZIMRA’s CGT clearance posture can prevent transfer, and courts scrutinize whether ZIMRA is acting within statutory powers when refusing to assess/accept tax.

Zimbabwe case law illustrating ZIMRA administration

Sabeta v Commissioner General Zimbabwe Revenue Authority (HH79-12) — Applicant sought an order compelling ZIMRA to assess and accept CGT for a property transfer; the dispute focused on whether ZIMRA could refuse to assess/collect CGT based on alleged prior non-compliance by a previous owner. The judgment is frequently cited for the principle that ZIMRA, as a creature of statute, must act within its enabling statute and cannot impose extra-statutory conditions on performance of statutory duties.

Sibanda G v Masanga L (24-SC-090) (summary source: consolidated CGT Act annotations) — Annotated note indicates a dispute where ZIMRA allegedly refused to issue CGT clearance because fair market value had devalued substantially over time, affecting the transfer process. Full judgment text not retrieved in this research run; treat details as unspecified without the judgment/report.

Sommer Ranching (Pvt) Ltd v Commissioner of Taxes 1999 (1) ZLR 438 (SC) — Frequently relied upon in tax appeal practice for the scope of the appellate tribunal’s role when the Commissioner exercised discretion. This affects how CGT disputes (including valuation/clearance disputes) can be approached procedurally.

Worked examples with step-by-step calculations

Assumptions common to the examples (to keep the arithmetic consistent with Zimbabwe authorities used in this lesson):

CGT charging and computation architecture follows CGT Act logic (charge s.6; interpretive definitions; deductions under s.11).
For specified assets acquired after 1 Feb 2009, ZIMRA guidance states CGT is generally 20% of the capital gain.
Withholding rates and final-tax rules differ by asset type; listed securities have special rules under the Finance Act regime as amended by Finance (No.2) Act 2024.

Property sale

Facts (hypothetical)
Tawanda sells a Harare residential investment property (not a principal private residence) on 15 June 2026.

Acquisition date: 1 March 2015 (after 1 Feb 2009).
Acquisition cost: USD 80,000
Capital improvements (documented): USD 15,000
Selling price: USD 150,000
Allowable selling costs (agent + conveyancing, etc.): USD 5,000

Step-by-step computation (CGT Act chain)

1) Gross capital amount
For learning purposes, treat gross capital amount ≈ selling price (subject to Act detail and proof/exclusions).
Gross capital amount = 150,000

2) Capital amount
Capital amount = gross capital amount − exemptions (assume none).
Capital amount = 150,000

3) Allowable deductions (s.11 conceptually—acquisition + improvements + costs)
Acquisition cost = 80,000
Improvements = 15,000
Transaction costs = 5,000
Total deductions = 100,000

4) Capital gain
Capital gain = capital amount − total deductions.
Capital gain = 150,000 − 100,000 = 50,000

5) CGT payable
CGT rate (post–1 Feb 2009 acquisition): 20% of capital gain.
CGT = 20% × 50,000 = 10,000

Withholding (property transaction) and reconciliation (teaching note)
ZIMRA guidance indicates CGWT on sale of immovable property is 15% of the selling price (a withholding layer).
CGWT withheld = 15% × 150,000 = 22,500

Because withholding can exceed the computed 20% of gain in low-gain scenarios, the Act contains mechanisms for credit/refund within the withholding framework (Part IIIA includes credit and refund provisions by section heading). Precise procedural steps should be confirmed using the current Act text and ZIMRA practice notes when teaching compliance.

Computation table

Listed share disposal

Facts (hypothetical)
Rudo sells 10,000 listed shares on the Zimbabwe Stock Exchange (ZSE) at ZiG 12.50 per share in March 2026.

Sale price (gross proceeds) = 10,000 × 12.50 = ZiG 125,000.

CGWT computation (listed security, post–28 Dec 2024 rule)
Finance (No. 2) Act 2024 amended Finance Act s.39: for sale of a listed security, CGWT is 1% of the price, and “the amount so withheld shall be considered to be the final tax.”

CGWT = 1% × 125,000 = ZiG 1,250 (final tax)

Computation table

(Teaching note: earlier transitional regimes—e.g., the 2% six-month final regime under SI 110/2024—should be taught as historical context and as an example of how CGWT can change through instruments. )

Transfer between spouses

Facts (hypothetical)
Farai bought a stand in 2016 for USD 40,000 and built/improved it for USD 10,000. In 2026, he transfers it to his spouse Tariro for USD 1 (nominal) as part of family asset reallocation (not divorce).

Legal mechanism
CGT Act s.16 provides that where a specified asset is transferred to a spouse, the transferor and transferee may elect that the “selling price” is deemed to be an amount equal to the sum of allowable deductions (paragraphs (a)–(d) of s.11(2)) at the transfer date—effectively a “no immediate gain” rollover at transfer. The proviso shifts the built-in gain to the eventual third-party sale.

Computation

Allowable deductions at transfer date (simplified for illustration):
Acquisition cost: 40,000
Capital improvements: 10,000
Total deductible base: 50,000

Election under s.16: deemed selling price = 50,000.

Capital gain at transfer = deemed selling price − deductible base = 50,000 − 50,000 = 0
CGT at transfer = 20% × 0 = 0

Computation table

(Teaching note: stress the proviso—on a later sale to a non-spouse, gain is calculated as if the asset remained with the first transferor, which prevents avoidance through spouse transfers. )

One-page printable summary cheat-sheet

Zimbabwe CGT foundations — fast reference

What CGT is
CGT is a statutory tax charged on capital gains from disposal of “specified assets” under the Capital Gains Tax Act [Chapter 23:01].

Core charging + computation chain (learn this as a formula map)
Charge: CGT Act s.6.
Compute: “gross capital amount” → “capital amount” → “capital gain” (definitions in CGT Act interpretive provisions) and then apply rates fixed under the Finance Act/Charging Act framework.
Deductions: s.11 (allowable deductions).

Specified asset (scope)
Defined in s.2; practically includes immovable property in Zimbabwe and marketable securities; guidance also notes expansions (e.g., some registered rights and cession-type disposals).

CGT vs Income Tax (the boundary)
Amounts proved to constitute “gross income” (income tax) are excluded from “gross capital amount” (CGT). Classification matters.

Capital vs revenue test (how to reason)
Use a structured “overall impression” approach; no single factor is conclusive. The “badges of trade” checklist is a disciplined analysis tool.

Rates quick pointers (verify each year; teach as “current as at March 2026 with cited sources”)
General rule in guidance: for specified assets acquired after 1 Feb 2009, CGT is 20% of capital gain.
Property CGWT guidance: 15% of selling price.
Listed securities CGWT (final tax): 1% of price from 28 Dec 2024 (Finance Act s.39 amended by Finance (No. 2) Act 2024).

Administration “gatekeeping”
Depositaires/agents (e.g., conveyancers, stockbrokers) withhold/remit; CGT clearance can affect transfers.

Classroom activities and assessment questions

Activities for a Zimbabwe CGT classroom

Statute navigation drill (15–20 minutes)
Give students a fact pattern (property sale; listed share sale; spouse transfer) and require them to locate: s.6 (charge), s.2 (specified asset), and the relevant interpretive definitions (gross capital amount/capital gain) and the relevant administration section (Part IIIA for withholding).

Capital vs revenue “badges” debate (20 minutes)
Split class into “ZIMRA position” vs “taxpayer position.” Provide a scenario: single property bought, renovated, and sold in 6 months with marketing. Each side argues whether it is trading income or capital gain, using a badges-of-trade checklist, and then states the consequence: income tax vs CGT boundary.

Recent policy shock discussion (10 minutes)
Discuss how temporary changes (e.g., SI 110/2024 final 2% CGWT for 6 months) might affect liquidity and investor behavior, then compare to the post–28 Dec 2024 1% final regime.

Assessment questions

Short-answer (law + policy)
Explain the purpose of CGT and how policymakers evaluate CGT using the objectives of revenue, equity, and efficiency.

State the charging section for CGT in Zimbabwe and identify two key defined terms used to compute a capital gain.

Describe (in one paragraph) how Zimbabwe’s law prevents a gain that is really “trading income” from being taxed as CGT.

Problem-solving (numbers)
Using the property-sale worked example structure, compute the capital gain and CGT for a property bought for USD 90,000, improved for USD 20,000, sold for USD 160,000, with USD 6,000 transaction costs. Apply 20% CGT on gain (assume post–1 Feb 2009 acquisition).

A listed share disposal has proceeds of ZiG 500,000. Compute the CGWT and state whether any further CGT is payable, citing the statutory basis.

Discussion prompts (practice-oriented)
In Sabeta (HH79-12), why does the court’s reasoning matter for conveyancers trying to pass transfer where a prior owner did not pay CGT? What does it suggest about the limits of administrative discretion?

How would you advise a client to document their “intention” at acquisition to support a capital (investment) characterization if ZIMRA later challenges the transaction as trading? (Base your framework on badges-of-trade style analysis.)

Primary-source links (copy/paste)
ZIMRA CGT Act (consolidated PDF): https://www.zimra.co.zw/downloads/category/17-acts?download=4234%3Acapital-gains-tax-act-updated-to-1-dec-2024
ZIMRA Capital Gains Tax guidance page: https://www.zimra.co.zw/14-tax/other-taxes/1758-capital-gains-tax
ZIMRA Capital Gains Withholding Tax guidance page: https://www.zimra.co.zw/14-tax/other-taxes/1729-withholding-tax
Finance (No. 2) Act, 2024 (Act No. 7 of 2024) (hosted copy): https://openparly.com/wp-content/uploads/2025/01/Finance-No.-2-Act-Act-No.-7-of-2024.pdf
ZSE public notice referencing Act No. 7 of 2024 (1% final CGWT): https://www.zse.co.zw/wp-content/uploads/2025/01/PUBLIC-NOTICE-CGWT.pdf
SI 110/2024 (listed securities CGWT changes—ZSE-hosted): https://www.zse.co.zw/wp-content/uploads/2024/07/Finance-Amendment-of-Sections-38-and-39-of-Finance-Act-2.pdf
HMRC badges of trade summary (analytical aid): https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim20205
OECD paper on taxing capital gains (policy rationale): https://www.oecd.org/en/publications/taxing-capital-gains_9e33bd2b-en.html

https://www.zimra.co.zw/downloads/category/17-acts?download=4234%3Acapital-gains-tax-act-updated-to-1-dec-2024

https://www.zimra.co.zw/downloads/category/17-acts?download=4234%3Acapital-gains-tax-act-updated-to-1-dec-2024

https://www.zimra.co.zw/14-tax/other-taxes/1729-withholding-tax

https://www.zimra.co.zw/14-tax/other-taxes/1729-withholding-tax

https://openparly.com/wp-content/uploads/2025/01/Finance-No.-2-Act-Act-No.-7-of-2024.pdf

https://openparly.com/wp-content/uploads/2025/01/Finance-No.-2-Act-Act-No.-7-of-2024.pdf

https://www.oecd.org/en/publications/taxing-capital-gains_9e33bd2b-en.html

https://www.oecd.org/en/publications/taxing-capital-gains_9e33bd2b-en.html

https://www.zimra.co.zw/14-tax/other-taxes/1758-capital-gains-tax

https://www.zimra.co.zw/14-tax/other-taxes/1758-capital-gains-tax

https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim20205

https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim20205

https://www.imf.org/en/topics/fiscal-policies/revenue-portal/tax-policy

https://www.imf.org/en/topics/fiscal-policies/revenue-portal/tax-policy

https://www.zimra.co.zw/legislation/category/17-acts?download=4234%3Acapital-gains-tax-act-updated-to-1-dec-2024

https://www.zimra.co.zw/legislation/category/17-acts?download=4234%3Acapital-gains-tax-act-updated-to-1-dec-2024

https://lawportalzim.co.zw/cases/civil/168/mariane-sabeta/commissioner-general-zimbabwe-revenue-authority

https://lawportalzim.co.zw/cases/civil/168/mariane-sabeta/commissioner-general-zimbabwe-revenue-authority

https://lawportalzim.co.zw/cases/civil/3775/delta-beverages-private-limited/zimbabwe-revenue-authority

https://lawportalzim.co.zw/cases/civil/3775/delta-beverages-private-limited/zimbabwe-revenue-authority

https://www.slideserve.com/iain/tax-education-course-lecture-3

https://www.slideserve.com/iain/tax-education-course-lecture-3

https://www.artbusinessinfo.com/uk-tax-tips-artists.html

https://www.artbusinessinfo.com/uk-tax-tips-artists.html