Zimbabwe’s Treasury Chief Freezes Tax Bands for 2026, Citing Projected 'Downward Trend' in Inflation
Zimbabwe’s Treasury Chief Freezes Tax Bands for 2026, Citing Projected 'Downward Trend' in Inflation
Finance Minister Mthuli Ncube rejected calls from lawmakers to adjust tax thresholds, stating that such changes are typically driven by rising inflation, unlike the current economic outlook, which points to stability for both the US dollar and Zimbabwe Gold.
The Treasury expects annual inflation, including USD-linked inflation, to fall into single digits by the end of the first quarter of 2026, he said. Emphasizing a “systematic” approach, the minister noted that any future adjustments would be based on rigorous analysis of wage trends and broader macroeconomic impacts.
While acknowledging that “macroeconomic shocks” could warrant a review during the midterm budget in July 2026, Ncube maintained that the current tax bands remain appropriate.
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