How to Update VAT to 15.5% in ManagerIO

Zimbabwe’s VAT has increased from 15% to 15.5% under the 2026 Budget. From now on, make sure all invoices and transactions use the new 15.5% rate.

Updating your ManagerIO tax code will keep your records correct and compliant.

Step by Step: Add the New VAT Rate

1. Go to Settings

• From the main dashboard click on Settings
  
• Select Tax Codes

2. Create a New Tax Code

• Click New Tax Code
• Enter the Name as VAT 15.5%
• Leave the Label blank or add one if needed
• For Tax rate, choose Custom %
• Set the Rate to 15.5%
• Make sure Type is set to Single rate
• Choose the correct Account (e.g. Tax payable)

3. Save the Tax Code

• Click Create
• Your new VAT rate is now ready to use on invoices and credit notes