Press "Enter" to skip to content

Zimbabwe: Income tax (transfer pricing documentation) regulations 2019 – issued


Report from our correspondent Gershem T. Pasi, Revenue and Business Consultant, Zimbabwe

Income tax (transfer pricing documentation) regulations 2019 – issued

On 10 May 2019, the Minister of Finance and Economic Development issued Income Tax (Transfer Pricing Documentation) Regulations 2019 (the regulations) by Statutory Instrument 109 of 2019.

The regulations deal with matters relating to transfer pricing and provide the regulatory framework for transfer pricing documentation which may be called for by the Revenue Authority in its endeavour to establish that the transaction in question was consistent with the arm’s length principle.


The documentation to be submitted, which must be contemporaneous, is detailed in the regulations and includes:

–    an overview of the taxpayer’s business operations;
–    a description of the corporate organizational structure including group members;
–    a description of the controlled transaction;
–    insight into the selection of the used transfer pricing method;
–    a comparability analysis;
–    documents on which analysis relied upon;
–    details of any advance pricing agreements; and
–    any other information that may have material impact on the determination of compliance.


The documentation must be submitted in the English language.

Time limit

Requested documentation must be submitted to the Commissioner of the Revenue Authority within 7 days from the date that the written request was issued by the Commissioner.

Additional information

The Commissioner retains the power to request information in addition to that specified in the regulations.

Effective date

The regulations became effective on 10 May 2019.