Intermediated Money Transfer Tax

EcoCash, Zimbabwe’s largest mobile money platform, has slashed its US dollar transfer charges following the government’s reduction of the Intermediated Money Transfer Tax (IMTT) to 2%, down from 4% effective from January 01, 2023.
Read More...

The company, which last reviewed its charges in January, said it will increase its charges effective September 19, 2021.
Read More...

Depositors are in panic mode after some banks issued notices informing them to brace for the two percent Intermediated Money Transfer Tax (IMTT) deductions, which are backdated to August 2020.
Read More...

Government says it has surpassed its monthly target for December and raised $572,4 million through the controversial two percent tax.
Read More...

Contraditions in the implementation of the controversial two percent tax have further fuelled an already volatile economic crisis, with companies responding by either closing shop or increasing commodity prices.
Read More...