INCOME TAX
Personal Income Tax (PIT) (Employees and Sole Traders)
Two marginal rates are applicable when calculating PIT. 20% and 30%
Company Income Tax (CIT)
For manufacturing companies and commercial farming 10%
Other companies 25%
Withholding Tax
The applicable rates for WHT are classified as follows:
Resident contractors 5%
Non-Resident Contractors 10%
Non-Residents (Technical services) 7.5% (For RSA only)
Fringe Benefit Tax (FBT)
Fringe Benefit Tax is chargeable on taxable amount at the rate of 40%
VALUE ADDED TAX (VAT)
Rates for VAT are as follows:
- 0% - Exports and basic commodities
- 10% - Electricity
- 15% - Telecommunications
- 15% - Other goods and services