Download Document
To make further provision for the revenues and public funds of Zimbabwe
and to provide for matters connected therewith or incidental thereto.
ENACTED by the Parliament and the President of Zimbabwe.
PART I
Preliminary
1 Short title
This Act may be cited as the Finance Act, 2024.
PART II
Income Tax
Amendments to Chapter I of Finance Act [Chapter 23:04]
2 Amendment of section 4A of Cap. 23:04
(1) Section 4A (“Payment of certain taxes in foreign currency”)(1) of the
Finance Act [Chapter 23:04] is amended by the repeal of paragraphs (b), (c) and (d)
and the substitution of the following paragraphs—
“(b) a person other than a company, a trust or a pension fund whose taxable
income from trade or investment is received or accrued in whole or in
part in a foreign currency shall pay tax in the same or another specified
foreign currency on so much of that income as is received or accrued
in that currency:
Provided that:
(i) with effect from 1st July, 2024, where such person received
or accrued more than fifty per centum of total income in