Income Tax (Exemption from Non-Residents’ Tax on Fees and Non-Residents’ Tax on Royalties) (Chirundu Border Consortium (Private) Limited) Notice, 2026 THE Minister of Finance, Economic Development and Investment Promotio
Chirundu Border Consortium is exempt from non-residents' tax on fees and on royalties for payments under its 18 May 2026 agreement with Government and the Reserve Bank.
The Minister of Finance has exempted Chirundu Border Consortium (Private) Limited from Non-Residents' Tax on Fees and Non-Residents' Tax on Royalties, with effect from 18 May 2026.
The exemption covers work and activities under the Currency Framework Agreement dated 18 May 2026 between the consortium and the Government of Zimbabwe — represented by the Minister of Transport and Infrastructural Development and the Minister of Finance — and the Reserve Bank of Zimbabwe. All amounts paid or payable by the consortium in implementing that agreement are exempt from both taxes.
The notice was gazetted on 28 July 2026, so the exemption is backdated. It does not describe what the agreement involves.
What changed
- Payments by Chirundu Border Consortium under its 18 May 2026 agreement are exempt from non-residents' tax on fees and on royalties.
- The exemption is backdated to 18 May 2026.
Who this affects
- Chirundu Border Consortium (Private) Limited
- Non-resident firms receiving fees or royalties from the consortium
Plain-language summary — not legal advice. Always read the full instrument.