Income Tax (Exemption from Non-Residents’ Tax on Fees and Non-Residents’ Tax on Royalties) (Forbes Border Consortium (Private) Limited) Notice, 2026 THE Minister of Finance, Economic Development and Investment Promotion
Forbes Border Consortium is exempt from non-residents' tax on fees and on royalties for payments under its agreement with Government, backdated to 28 January 2025.
The Minister of Finance has exempted Forbes Border Consortium (Private) Limited from Non-Residents' Tax on Fees and Non-Residents' Tax on Royalties, with effect from 28 January 2025.
The exemption covers work and activities under the Currency Framework Agreement signed between the Government of Zimbabwe and the consortium on 28 January 2025. All amounts paid or payable by the consortium in implementing that agreement are exempt from both taxes.
The notice was gazetted on 28 July 2026, so the exemption applies retrospectively. It does not describe what the agreement involves.
What changed
- Payments by Forbes Border Consortium under its 28 January 2025 agreement with Government are exempt from non-residents' tax on fees and on royalties.
- The exemption is backdated to 28 January 2025.
Who this affects
- Forbes Border Consortium (Private) Limited
- Non-resident firms receiving fees or royalties from the consortium
Plain-language summary — not legal advice. Always read the full instrument.