- The 2026 Zimbabwe national budget proposes increasing the VAT rate from 15% to 15.5% starting 1 January 2026.
- A new digital services withholding tax (DSWT) will be introduced on payments to offshore digital platforms, replacing VAT on imported services.
- Customs duties will be adjusted to support local manufacturing, including a 40% + USD 2.50/kg duty on certain polyester and cotton fabrics.
- Customs duty will be removed on selected raw materials like steel coils and plates used in gas cylinder production to lower costs and boost local output.
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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