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Zimbabwe Parliament demands removal of punitive taxes

Parliament has sharply escalated pressure on Treasury to urgently scrap punitive taxes, including the highly contentious 2% Intermediated Money Transfer Tax (IMTT), by August 31, 2025, in a bid to halt the worsening crisis engulfing Zimbab…

Published: 26 Jun 2025 at 11:25hrs | 1737 | by Staff reporter

Mthuli Ncube clarifies 2% tax

WHILE the objective of Intermediate Money Transfer Tax (IMTT) was to bring the previously untaxed informal businesses under the tax bracket, captains of industry claim it has had double taxation effect on formal operators, thereby inflatin…

Published: 16 Oct 2020 at 06:52hrs | 7 | by Staff reporter

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Zimbabwe Parliament demands removal of punitive taxes

Mthuli Ncube clarifies 2% tax

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