Zimbabwe: Tax ‘Thirsty’ Ncube Slaps U.S.$ Transactions With 2% IMTT

FINANCE Minister, Prof Mthuli Ncube has subjected US$ transactions to the 2% Intermediated Mobile Money Transfer Tax (IMTT) on the back of yet another overhaul of the tax measures targeted at all foreign currency-denominated transactions.

The Treasury Boss 2024 National Budget blueprint introduced a raft of tax measures which prompted an outcry from citizens following the significant increases in the prices of basic commodities.

The business community maintains that the current price thresholds…