Premium
Banks raid accounts over IMMT ‘arrears’
The IMTT on foreign and local currency transactions is pegged at 1% and 2%, respectively.
By Tafadzwa Mhlanga
Dec. 31, 2023
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
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
