There is a compulsory pensions and other benefits scheme and various employment councils. Child credits have been abolished. Tas concessions are also applied to export manufacturing businesses established in designated export processing zones. Capital Gains Tax is levied on the sale of specified assets which are defined as immovable property, debentures, bonds, stocks and shares. Double taxation agreements are in place with Bulgaria, Canada, France, Germany, Malaysia, Mauritius, Netherlands, Norway, Poland, South Africa, Sweden and the United Kingdom.
Agreements awaiting ratification are Botswana, Namibia, Rumania and Yugoslavia.
Foreign Investment Foreign investment is encouraged. Staff at the centre are most helpful. Local participation in any investment project is encouraged but certain types of business activity such as primary agriculture, transportation and retailing are reserved for indigenous Zimbabweans. Exchange Control Exchange controls have been substantially liberalised. Capital is paid in 10 equal annual instalments at the end of years 11 to 20.