What is a mining title?

A mining title is a legal grant or right, issued by a government body like Zimbabwe's Ministry of Mines and Mining Development, that permits a person or group to explore, develop, and extract mineral wealth from a specific, delineated area. These titles can encompass various forms of interest, including mining claims, leases, and special grants, and are crucial for securing the right to mineral resources.

The Finance Act 13 of 2023 introduced section 30B of the Capital Gains Tax in terms of which Special Capital Gains Tax (SCGT) should be charged and collected on the transfer of mining title.

When is Special Capital Gains Tax due?

Where there is transfer of mining title including where the transfer is by:

1. beneficial owner to a nominee of the beneficial owner.
2. Shareholder in a company that owns, controls or has an interest in mining title.
3. A person or company who has a share, stake or interest in a mining title.

Due Dates for the Payment of Special Capital Gains Tax

The payment of Special CGT for mining titles transferred after 1 January 2024 is 30 days after date of assessment.

Capital Gains Tax and Special Capital Gains Tax Returns and Due Dates 

• The seller submits a CGT return where CGT applies to the transfer.
• The buyer/transferee entity submits their SCGT return through the TaRMS. The SCGT return should comply with section 30B(5)(c) to include:
• an affidavit sworn by the payer (or by the corporate secretary or similar office-bearer of a corporate entity) setting forth—

(i) the amount and currency paid or payable for such transfer of the mining title;

(ii) full particulars of the mining title that was transferred;

(iii) full particulars of the names and addresses of the transferee and transferor entities

• in the case of a body corporates, particulars of the date of incorporation and registration and the names of the directors of the body corporate;
• if any person as a beneficial owner or controller exerts a significant or preponderant voice in the affairs of the transferee entity, the name and address or domicile of the beneficial owner or controller, and the nature and extent of such beneficial ownership or control

Payment of Special Capital Gains Tax

Payment must be made to ZIMRA through the single account in TaRMS

For further assistance visit the official Self Service Portal – SSP at https://mytaxselfservice.zimra.co.zw

My Taxes, My Duties: Building my Zimbabwe

Special CGT published on 25/09/2025.

Disclaimer

This article was compiled by the Zimbabwe Revenue Authority for information purposes only. ZIMRA shall not

accept responsibility for loss or damage arising from use of material in this article and no liability will attach

to the Zimbabwe Revenue Authority.