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NEWS & CURRENT AFFAIRS

Topic : Intermediated Money Transfer Tax

Premium

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
World Bank urges govt to review taxes

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
IMTT review long overdue

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
Zim bankers slam money transfer tax

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
Thriving banking sector, shrinking confidence

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
Govt ‘regrets’ tax hike

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
Currency risk unsettles insurance sector

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
Piggy’s Trading & Investing Tips: Investing as a poverty alleviation tool

Govt in $174bn expenditure overrun
Expenditure on goods and services which stood at $308,6 billion, were channelled towards operations.
By Staff Reporter Nov. 26, 2022
Govt in $174bn expenditure overrun

Groundswell of caution over ‘punitive’ IMTT...Captains of industry want 2% tax scrapped
The IMTT’s third quarter performance was a forecast busting, according to Zimra, which said it was 3% ahead of targets.
By Kudzai Kuwaza Nov. 18, 2022
Groundswell of caution over ‘punitive’ IMTT...Captains of industry want 2% tax scrapped

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