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ZIMBABWE
(e)
INCENTIVES
(i)
Tax Exemption
Incentives
for setting up in Growth Point Areas
- 10%
corporate tax on net profits in the first five years; and
- 15%
investment allowance on cost of investment. Incentives for Export
Processing Zones (EPZs)
- Five-year
tax holiday and 15% corporate tax after tax holiday;
- Exemption
from withholding taxes on dividends, royalties fees etc.;
- Exemption
of duty for goods imported into EPZs; Exemption from fringe benefits
tax for employees of EPZ companies;
- Exemption
from capital gains tax, surtax and sales tax on goods and services;
and
- Permission
of foreign companies to borrow locally
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