Your browser is out-of-date!

Update your browser to view this website correctly. Update my browser now

×

Skip to main content
x

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-Residents (Technical services) 7.5%

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
  • 8% - Electricity
  • 9% - Telecommunications 
  • 15% - Other goods and services 
Ask the Taxman