The Zimbabwe Revenue Authority (ZIMRA) has advised property owners, tenants, agents, and the public that Presumptive Rental Income Tax will apply from 1 January 2026 under the Finance Act, 2025.
ZIMRA stated that the tax is payable by landlords, proprietors, owners, lessees, or sub-lessees who receive rental income directly or indirectly from a tenant liable for presumptive tax.
The tax will be charged at 15 percent of gross rental received and will be treated as a final tax, with no deductions or allowances permitted.
It cannot be claimed as a credit, refund, or set-off against any other income tax.
A tenant liable for presumptive tax refers to someone paying rent for premises used for business, trade, or occupation.
ZIMRA clarified that residential premises are not subject to this tax where part of a building is used for housing purposes.
Property owners leasing land or buildings for business purposes must register with ZIMRA and submit details of leased properties and tenants.
Returns must be submitted by the 5th day of the following month, while tax payments must be made by the 10th day of that month.
Failure to comply may result in recovery of outstanding taxes and a penalty equal to 100 percent of the unpaid amount.
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