Country:Zimbabwe
Year:2010
Policy status:In Force
Jurisdiction:National
Date Effective:2010
Policy Type:Economic Instruments>Fiscal/financial incentives>Tax relief
Policy Target:Multiple RE Sources, Multiple RE Sources>All
Policy Sector:Multi-sectoral Policy
Size of Plant Targeted:Small and Large
URL:http:// http://www.zimra.co.zw/index.php?option=com_content&view=article&id=74&Itemid=73
URL:http://www.zimra.co.zw/index.php?option=com_content&view=article&id=2060:duty-on-solar-and-electrical-equipment-&catid=21:did-you-know&Itemid=91
Description:

Zimbabwe has several investment incentives through tax and customs exemptions, which can be used to support renewable energy projects.

Duties and Value Added Tax

Solar and electrical equipment receives exemption from import duty but a 15% VAT charge applies.

The import duty exemptions are given to: solar panels, inverters, solar lights, energy saving light bulbs and electricity generators.

Income Tax Holiday

Renewable Energy developers can benefit from a ten-year income tax holiday offered to investors within the energy, water and sanitation and transport sectors.

The following income tax deductions are available:

  • First five years: 0%
  • Second five years: 15%
  • After ten years: 30%

Last modified: Thu, 21 Apr 2016 13:02:41 CEST