Woes mount for Zim formal businesses: Parliament
Its steep rate discourages digital payments, pushing economic activity back into a largely unregulated, cash-based system, the report read.
By Harriet Chikandiwa
Jun. 23, 2025
IMTT drives 99% surge in ZB financial tax burden
The IMTT, introduced seven years ago as a 2% levy to strengthen government revenues, has become one of the most contentious tax measures in Zimbabwe.
By Tatira Zwinoira
Jun. 20, 2025
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World Bank urges govt to review taxes
In the 2025 Monetary Policy Statement, the central bank raised the mandatory surrender portion of export proceeds to 30% from 25%.
By Tafadzwa Mhlanga
Mar. 6, 2025
IMTT review long overdue
This comes as the government appears to have no solution in sight to encourage the informal sector to pay taxes.
By Newsday
Mar. 4, 2025
Zim bankers slam money transfer tax
In a document submitted to Finance minister Mthuli Ncube this week, sharing bankers’ expectations for the 2024 mid-term budget review, BAZ called for the tax to be reduced.
By Mthandazo Nyoni and Blessed Ndlovu
Jul. 19, 2024
Thriving banking sector, shrinking confidence
Reports from most people, as well official data, indicate receding deposits and increased withdrawals as economic players prefer “under the pillow” banking to traditional banking.
By Tinashe Duma
May. 17, 2024
Govt ‘regrets’ tax hike
Mnangagwa said the IMTT hike was a social and economic experiment to see how people and businesses would react upon which it would be reviewed.
By Priviledge Gumbodete
May. 10, 2024
Currency risk unsettles insurance sector
Katoma also said the sector raised concerns about the Intermediated Money Transfer Tax (IMTT), which is levied on each money transfer made.
By Melody Chikono
Nov. 24, 2023
Piggy’s Trading & Investing Tips: Investing as a poverty alleviation tool
Government, regulators, pension funds and other related institutions need to both encourage and support savings at all levels of the economy.
By Batanai Matsika
Jul. 14, 2023
