Zimbabwe’s Tax System – Country Profile
Zimbabwe’s tax system follows a territorial approach, meaning only income sourced within the country is taxed. Corporate tax stands at 24.72%, while personal income tax reaches up to 41.20% on a progressive scale. Inheritance tax is set at 5%, with no wealth or gift taxes in place. The country enforces anti-avoidance rules, including Transfer Pricing […]
South Africa’s Tax System – Country Profile
South Africa’s tax system blends progressive personal taxation with moderate corporate tax rates. With a 28% corporate tax and a top personal income tax rate of 45%, the system is structured to support both businesses and individuals. While there is no wealth tax, gift and inheritance taxes apply at rates up to 25%. Strong anti-avoidance […]
Mauritius’ Tax System – Country Profile
Mauritius offers a simple and business-friendly tax system with a flat 15% corporate and personal income tax rate. The country follows a territorial tax regime, meaning individuals are only taxed on Mauritius-sourced income or foreign income remitted to the country. With no gift, inheritance, or wealth taxes, Mauritius provides an attractive environment for both residents […]
Kenya’s Tax System – Country Profile
Kenya’s tax system follows a territorial approach, meaning taxes are primarily levied on income earned within the country. Corporate and personal income tax rates are capped at 30%, with no gift, inheritance, or wealth tax. While foreign income is generally not taxed, exceptions apply to certain businesses and employment earnings. Kenya enforces anti-avoidance measures like […]