Interest Withholding Tax

Calculate withholding tax on interest payments to non-residents. Includes special rates for government securities and treaty applications.

Interest Tax Calculation

Interest Withholding Tax

Standard Rate:15%
Exempt Securities:Government bonds
Payment Deadline:30 days
Filing Deadline:10th of following month

Interest Tax Tips

  • Applies to interest paid to non-resident lenders
  • Government securities are often exempt from withholding tax
  • Check applicable Double Taxation Agreement rates
  • File returns by the 10th of following month

Exempt Interest

Typically exempt from withholding tax:

Government of Zimbabwe securities
Treasury bills and bonds
Interest paid to approved institutions
Certain development bonds

Compliance Requirements

  • Obtain Tax Clearance Certificate for non-residents
  • Submit withholding tax return (Form ITF 263)
  • Pay tax due within 30 days of interest payment
  • Maintain loan agreements and payment records

Treaty Countries

Common DTA partners with reduced rates:

South Africa
United Kingdom
Netherlands
Germany