ZiG Currency FAQ

Yes. ZIMRA has transitioned from ZWL to ZiG. All ZWL tax obligations and liabilities have been converted to ZiG at the prevailing rate. Payments for these obligations must be made in ZiG. You can transact on all ZIMRA online platforms using ZiG.

Tax refunds and credits owed to taxpayers who previously paid taxes in ZWL will be recalculated and paid back in ZiG using the conversion rate issued by the Reserve Bank of Zimbabwe.

Yes. Taxes are to be paid in the currency of the transaction. If your transaction was in USD, pay tax in USD. If in ZiG, pay tax in ZiG. ZIMRA accepts both currencies.

ZiG PAYE tax tables have been published by ZIMRA. Access them at: https://www.zimra.co.zw/domestic-taxes/tax-tables?download=3877:zig-tax-tables-5-april-to-31-december-2024

ZIMRA has published guidelines for reporting ZiG balances and their conversion in tax filings. All returns for current and prior tax periods must be submitted in ZiG and USD. All tax liabilities and refunds on returns received prior to 5 April 2024 have been converted to ZiG.

Customs procedures remain unchanged. Rates of duty remain the same — only the currency has been converted to ZiG using the RBZ conversion rate.

The Reserve Bank of Zimbabwe publishes the official ZiG exchange rate. ZIMRA uses this rate for all tax conversions. Check the RBZ website or your bank for the current rate. ZIMRA also publishes Public Notices 28, 29, 31, and 35 with rate guidance.