E Pluribus Unum - Out of Many, One

Zimbabwe ratifies double taxation agreements with South Africa When a company is considered to be established in the two contracting states, the competent authorities determine the place of residence of the company by mutual agreement, for the purposes of the treaty, on the basis of the place of effective administration, the place where it is created or otherwise created, as well as other relevant factors. In the absence of an agreement, the company is not entitled to the exemption or exemption under the contract, unless the competent authority has agreed to do so. Tax Information Guide: Africa`s Leading Economies 2018 Overview of the Tax and Investment Environment in 44 African countries, including Africa. The guide contains income tax rates, withholding tax, a list of double taxation agreements, information on other taxes, investment incentives and important business data. Published by Deloitte in May 2018. Zimbabwe announced on 14 April that it had ratified the 2016 double taxation convention with South Africa (SA) on 4 August 2015, as part of the 2016 Statuary 40 Index 40, published in the Official Journal of 8 April 2016. Taxand South Africa is studying this update. Under source rules, few foreign taxed property is subject to Zimbabwean tax. However, there is a general unilateral provision to exempt double taxation. We can provide current and historical tax rates, comparison tables and country surveys through our specialized tax databases. We have current key summaries and detailed analysis of the tax system in countries around the world on corporate taxation, individual taxation, business and investment. We contain a collection of global double taxation conventions in English (and other languages, if available) to assist members in their applications. If you`re having trouble finding a contract, call the application team on (0)20 7920 8620 or email us at library@icaew.com.

The provisions of the new contract apply to taxes withheld at source for amounts paid or credited on the first day of the second month after the contract comes into effect, as well as for other taxes for the years that come into effect on the day or after the first day of January. A selection of articles on tax news and developments can be available in the Business Source Corporate database. Access to the articles is granted to ICAEW members, ACA students and other eligible users subject to supplier terms of use.


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