Delta Corporation remitted US$315.2 million in taxes to the Zimbabwean fiscus in FY2025, equivalent to 39 percent of its total revenue of US$807.47 million, according to Treasury figures, underscoring the company’s role as one of the State’s most critical revenue anchors.
The data shows Delta generated US$807.47 million in revenue during the financial year and channelled more than a third of that directly into taxes, highlighting both the scale of its operations and the extent to which government revenue mobilisation depends on large, compliant corporates.
Treasury figures indicate that the US$315.2 million tax contribution represented a 24.7 percent increase from FY2024, pointing to stronger nominal performance and sustained tax compliance.
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Value-added tax accounted for US$91.9 million, reflecting high domestic consumption volumes, while excise duty contributed US$91.3 million, a major source of funding for infrastructure and recurrent expenditure.
Additional levies included US$30.6 million in sugar tax, earmarked for healthcare spending related to non-communicable diseases, and US$27.6 million in Pay As You Earn, underscoring Delta’s contribution to formal employment and wage-based taxation.
The 39 percent effective tax-to-revenue ratio highlights how fiscal pressure in Zimbabwe is concentrated on a narrow formal sector base, with large corporates carrying a disproportionate share of national revenue obligations amid widespread informality.
Treasury’s FY2025 snapshot illustrates that Delta’s contribution spans consumption, production and employment-linked taxes, reinforcing its importance to public finance stability, while also exposing the vulnerability of revenue mobilisation to performance shifts among a small number of major taxpayers.
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