Zimbabwe Tax Calculators · Resident Dividends Tax
Resident Shareholders' Tax (Dividends)
10% on dividends from listed companies, 15% on dividends from unlisted companies. Withheld at source by the paying company — final tax for individuals.
Dividend details
How it works
1
The company withholds
Before paying out, the Zimbabwean company applies the rate to the gross dividend.
2
Net is paid to shareholder
You receive Gross × (1 − rate). A REV 5 dividend certificate accompanies the payment.
3
Company remits to ZIMRA
Within 10 days of the date of distribution (Fifteenth Schedule, Income Tax Act), with the Resident Shareholders' Tax return (REV 5).
4
Final-tax position
Individual: don't include in ITF1. Pension funds, charities and certain entities are exempt — the company should not withhold if the shareholder produces a valid exemption certificate.
Statutory anchors
- Income Tax Act [Chapter 23:06] — s.28 & Fifteenth Schedule (Resident Shareholders' Tax)
- Finance Act [Chapter 23:04] — s.17 (10% listed / 15% other dividends)