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More pain as Ncube ignores ordinary citizens in budget

Ncube, in his budget presentation, maintained the unpopular 2% Intermediated Money Transfer Tax (IMMT).
By Tinashe Kairiza Dec. 2, 2022

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

IDBZ in tax miscalculation gaffe

IMTT is tax chargeable on transfer of money physically, electronically or by any other means.
By Elma Zhoya Sep. 30, 2022

Restrictive SIs rile business

The government has repeatedly blamed businesses for causing exchange rate instability through profiteering.
By Kudzai Kuwaza Sep. 30, 2022