Finance Act No. 7 of 2021
To make further provision for the revenues and public funds of Zimbabwe and to provide for matters connected therewith or incidental thereto.
ENACTED by the Parliament and the President of Zimbabwe.
1 Short title
This Act may be cited as the Finance Act, 2021.
Amendments to Chapter I of Finance Act [Chapter 23:04]
2 Amendment of section 5 of Cap. 23:04
(1) Section 5 (“Credits to which section 7 of Taxes Act relates”) of the Finance
Act [Chapter 23:04] is amended by the repeal of subsection (3) and the substitution
“(3) Notwithstanding any other provision of this Act, no credit shall be
deducted from the income tax with which a company or trust is chargeable in
any year of assessment, except for the credit referred to in section 13A (“Youth
employment credit”) and section 13B (“Credit for employment of physically