Value Added Tax (VAT) continues to generate the largest share of Zimbabwe’s government revenue. It contributed 28 percent of total collections, according to the 2026 Mid-term Budget Review.
Finance Minister Professor Mthuli Ncube presented the figures in Parliament on Thursday, 30 July. The report showed that VAT, employment taxes, and company taxes remain the country’s main revenue drivers.
VAT topped the list with a 28 percent contribution. Meanwhile, Personal Income Tax (PAYE) accounted for 17 percent. Corporate Income Tax (CIT) followed with 14 percent.
Combined, the three tax categories generated 59 percent of Zimbabwe’s total revenue. Their strong performance highlights their central role in financing government operations.
PAYE and CIT together contributed 31 percent of total revenue. As a result, employment income and corporate profits slightly outperformed VAT.
Other taxes strengthen government revenue
Several other taxes also made meaningful contributions to the national purse. Excise Duty contributed 9 percent of total collections.
Customs Duty accounted for 7 percent, while the Intermediated Money Transfer Tax (IMTT) generated 6 percent.
Furthermore, the Strategic Reserve Levy added 4 percent to government revenue. Other Indirect Taxes contributed the remaining 1 percent.
On the direct tax side, Mineral Royalties contributed 4 percent. Other Direct Taxes also accounted for 4 percent.
These figures reflect continued revenue from Zimbabwe’s mining industry and other direct tax streams. In addition, Withholding Taxes contributed 2 percent of total collections.
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