Money Transfer Tax - The Southern Eye

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NEWS & CURRENT AFFAIRS

Topic : Money Transfer Tax

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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

Treasury to revoke mining tax breaks... as businesses say choked by high taxes

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