Zimbabwe: 2024 mid-term budget review

Zimbabwe: 2024 mid-term budget review

The 2024 Zimbabwe mid-term budget review was presented on July 25, 2024. The following key proposed tax measures to the 2024 national budget statement and corresponding Draft Finance Bill are listed below :

  • Amendments to the Reserve Bank Act to provide for the use of local currency (Zimbabwe Gold (ZWG)) as legal tender, which was introduced on April 5, 2024, through the Presidential Powers (Temporary Measures) Regulations.
  • Promoting local currency with increased proportions of taxes to be paid in ZWG (specifically mentioned was corporate income tax).

The proposed tax measures are subject to change before they may be promulgated into law, which is expected to occur later in August 2024.


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