The corporate tax rate in Zimbabwe is 24%.
Special tax rates are applied to the mining industry.
The arm’s length principle in Zimbabwe is found in section 98B of the Income Tax Act. Tax authorities are allowed to “distribute, apportion or allocate” taxes arising from transactions between controlled parties in accordance with comparable transactions between unrelated parties. Section 24 of the Income Tax Act also deals the arm’s length Principle and covers both domestic and cross border transactions. A GAAR provision in section 98 of the Income Tax Act is aimed at tax avoidance.