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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
Tax burden squeezes formal business
Delta alone is projected to pay at least US$250 million in taxes by the end of its financial year on March 31, 2025, largely due to the introduction of new taxes.
By Ashton Ndakusiya
Jan. 31, 2025
Treasury to revoke mining tax breaks... as businesses say choked by high taxes
For transactions above this threshold, a lower rate of US$0,05 per dollar applies. The tax now also covers gold-backed digital token transactions.
By Melody Chikono
Oct. 25, 2024
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
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Banks raid accounts over IMMT ‘arrears’
The IMTT on foreign and local currency transactions is pegged at 1% and 2%, respectively.
By Tafadzwa Mhlanga
Dec. 31, 2023
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
