Thriving banking sector, shrinking confidence

Reports from most people, as well official data, indicate receding deposits and increased withdrawals as economic players prefer “under the pillow” banking to traditional banking.
By Tinashe Duma May. 17, 2024

Govt ‘regrets’ tax hike

Mnangagwa said the IMTT hike was a social and economic experiment to see how people and businesses would react upon which it would be reviewed.
By Priviledge Gumbodete May. 10, 2024

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

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