Zimbabwe proposes 10% withholding tax on sports betting winnings
Zimbabwe’s finance minister, Mthuli Ncube, proposed a 10% withholding tax on gross sports betting winnings during the presentation of the 2025 National Budget. The measure is scheduled to take effect on 1 January 2025 and would apply to winnings of any size. The government did not provide a revenue estimate.
Operators may need to account for withholding on all sports betting winnings if the proposal takes effect.