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
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
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
ZFU frets over 2% money transfer tax
In its 2023 budget submissions, the ZFU said the 2% tax significantly reduced the income of farmers since most payments are received via electronic transfers.
By Melody Chikono
Nov. 8, 2022
Insurance industry lobbies govt on IMMT
Old Mutual managing director Gloria Zvaravanhu pointed out that the removal of the tax on payout claims will help strengthen the insurance pool.
By Kudzai Kuwaza
Nov. 4, 2022
