Zimbabwe considers further cut to transfer tax
By the AFREEQUE newsroom, based on Dailynews
Zimbabwean Finance Minister Mthuli Ncube said the government is considering a further cut to the money transfer tax known as the IMTT. In an editorial published by Dailynews, the writer says the Treasury must quickly turn this consideration into concrete action to protect jobs.
Zimbabwe is considering a further reduction in the Intermediated Money Transfer Tax (IMTT). Finance Minister Mthuli Ncube announced this at the governing ZANU-PF party congress in Chinhoyi, Dailynews reports.
The newspaper called on the Treasury to speed up the measure’s implementation and turn the discussion into a concrete economic decision. The IMTT applies to intermediary money transfers in Zimbabwe, including those made through financial services.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
