Fiscal Requirements

ZIMRA & Finance Act

Mining operations must comply with statutory fiscal obligations, including royalties, corporate tax, VAT rules, and duty exemptions under ZIDA.

1. Royalties

Royalties are payable based on mineral type and production volume.

• Royalty rate per mineral
• Monthly submission
• Compliance verification
• Record keeping

2. Corporate Tax

Mining companies must comply with corporate income tax obligations under ZIMRA.

• Tax registration
• Quarterly payments
• Annual returns
• Audit compliance

3. VAT Rules

VAT applies to certain mining inputs and outputs, including unbeneficiated minerals.

• VAT registration
• Input tax claims
• Output tax submission
• Compliance audits

4. Duty Exemptions

ZIDA may grant duty exemptions for qualifying mining projects.

• Application process
• Approval issuance
• Customs clearance
• Monitoring

← Back to Mining Compliance