Online Reporter
Business Reporter
The Ministry of Finance, Economic Development and Investment Promotion has instructed the Zimbabwe Revenue Authority (ZIMRA) to align its collection of Capital Gains Tax with existing policy intentions following legislative drafting errors.
ZIMRA said it has identified drafting inconsistencies within the current legislative framework that have created uncertainty regarding the applicable tax rates.
In a letter to ZIMRA Commissioner General, Ms Regina Chinamasa, dated August 4, 2026, the Treasury noted that technical errors in the Capital Gains Tax Act and the Finance Act created market confusion over tax rates and entity liabilities.
“These inconsistencies arise from drafting anomalies rather than the underlying policy intent,” Treasury said.
The Treasury confirmed that the tax structure remains tied to the original date of asset acquisition pending formal law amendments.
Immovable property and unlisted shares acquired before February 2019 will attract a final tax of 5 percent on the gross sales value.
Real estate and unlisted shares purchased after February 2019 will face a 20 percent tax levied on the net capital gain.
The directive provides operational certainty to property sellers, financial advisers, and corporate deals while the Attorney General’s Office updates the legal framework.
