Where the government's money comes from

What each tax is expected to raise, over 4 years of the Treasury's own tables.

ZiG 411.80 billionexpected in all, 2028

ZWL$ 76.07 trillionexpected in all, 2026

What each tax raises, in ZiG

ZiG 411.80 billion expected in all in 2028, up 19.3% on 2027. VAT is the largest part of it, 27.7 of every 100.

What each tax raises, in ZiG, year by year

2025 to 2028, of 4 on record.

Up 52% between 2025 and 2028, from ZiG 270.30 billion to ZiG 411.80 billion.VAT is the largest part in 2028, 28 of every 100, followed by Pay as you earn at 17 and Excise duty at 12. Everything else makes up the remaining 16. 2027 and 2028 are the Treasury's own projections, not yet voted.

The 2028 total, part by part

ZiG 411.80 billion expected in all

Pay as you earn17%
Company tax10%
VAT28%
Excise duty12%
Customs duty6.5%
Transfer tax5.9%
Mining royalties4.1%
Everything else16%

Out of every ZiG 100 in 2028, ZiG 28 is VAT.Pay as you earn is next at 17 of every 100, then Excise duty at 12. Everything else makes up the remaining 16.

The figures behind itDownload CSV

Year	Pay as you earn	Company tax	VAT	Excise duty	Customs duty	Transfer tax	Mining royalties	Everything else	Total
2028	71,871,803,000	42,305,918,000	114,229,581,000	49,881,283,000	26,718,680,000	24,334,750,000	16,858,023,500	65,599,009,500	411,799,048,000
2027	63,111,963,000	35,777,045,000	95,746,057,000	41,810,247,000	22,407,729,000	20,691,685,000	14,153,901,000	51,518,474,000	345,217,101,000
2026	56,486,620,800	32,120,820,000	71,412,196,140	36,171,060,480	19,306,231,254	18,160,720,560	12,178,096,200	41,804,254,566	287,640,000,000
2025	54,060,000,000	25,228,000,000	70,139,966,800	38,226,907,200	18,333,548,000	12,109,440,000	10,091,200,000	42,110,938,000	270,300,000,000

The same, in the old dollar

ZWL$ 76.07 trillion expected in all in 2026, up 5.9% on 2025. VAT is the largest part of it, 31.6 of every 100.

The same, in the old dollar, year by year

2018 to 2026, of 9 on record.

Up 1374723% between 2018 and 2026, from ZWL$ 5.53 billion to ZWL$ 76.07 trillion.VAT is the largest part in 2026, 32 of every 100, followed by Pay as you earn at 15 and Customs duty at 12. Everything else makes up the remaining 16. 2025 and 2026 are the Treasury's own projections, not yet voted. 2018 and 2019 are what was actually counted at the year's end.

The 2026 total, part by part

ZWL$ 76.07 trillion expected in all

Pay as you earn15%
Company tax12%
VAT32%
Excise duty9.6%
Customs duty12%
Transfer tax4.7%
Mining royalties0.0%
Everything else16%

Out of every ZWL$ 100 in 2026, ZWL$ 32 is VAT.Pay as you earn is next at 15 of every 100, then Customs duty at 12. Everything else makes up the remaining 16.

The figures behind itAll 9Download CSV

Year	Pay as you earn	Company tax	VAT	Excise duty	Customs duty	Transfer tax	Mining royalties	Everything else	Total
2026	11,131,274,770,000	8,828,953,550,000	24,019,939,350,000	7,314,675,000,000	9,096,186,280,000	3,558,446,230,000	2,042,574,000	12,117,443,354,000	76,068,961,108,000
2025	9,815,938,950,000	7,785,673,330,000	22,240,684,580,000	6,772,847,220,000	8,422,394,700,000	3,294,857,620,000	1,891,272,490,000	11,602,281,460,000	71,825,950,350,000
2024	8,112,346,240,000	6,434,440,770,000	12,959,736,470,000	5,597,394,390,000	6,960,656,780,000	2,723,022,830,000	1,563,035,110,000	9,588,508,650,000	53,939,141,240,000
2023	609,518,391,373	631,286,905,350	764,979,447,577	400,617,441,945	387,895,036,495	255,118,586,793	219,167,874,005	595,325,370,633	3,863,909,054,171
2022	291,045,004,899	283,602,888,671	411,161,233,772	182,435,747,375	116,515,711,156	157,981,904,232	61,740,170,440	236,023,858,423	1,740,506,518,968
2021	72,236,865,065	73,553,926,443	100,527,945,000	45,052,387,027	23,314,519,702	29,069,803,940	11,511,425,317	35,536,980,488	390,803,852,981
2020	7,200,000,000	5,320,000,000	15,831,308,272	10,494,267,310	3,655,277,103	7,129,350,630	2,921,202,829	8,196,430,419	60,747,836,564
2019				4,117,000,000				18,854,000,000	22,971,000,000
2018				909,000,000				4,624,000,000	5,533,000,000

Questions people ask

Which tax raises the most money in Zimbabwe?

ZiG 411.80 billion expected in all in 2028, up 19.3% on 2027. VAT is the largest part of it, 27.7 of every 100.

What did the government raise before the currency changed?

ZWL$ 76.07 trillion expected in all in 2026, up 5.9% on 2025. VAT is the largest part of it, 31.6 of every 100.

Read from the Ministry of Finance, Approved 2026 Estimates of Expenditure. Every source we read

What the budget settles

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