Zimbabwe's Ministry of Finance Patrick Chinamasa presented the 2016 Budget to parliament on 26 November 2015. The main tax related measures are summarized as follows:
- Transfer pricing regulations will be strengthened to provided additional guidance and counter base erosion and profit shifting;
- An interest withholding tax exemption will be introduced for long-term deposits of more than 12 months;
- The mineral royalty rate for gold will be reduced from 5% to 3%;
- A VAT exemption will be introduc…