Paradox of financially inclusive ecosystem in the 2026 budget
A narrow doorway of tax deductibility was added, but only for the fully-compliant: registered taxpayers, fiscalised businesses, VAT-aligned traders and timely filers.
By Gloria Ndoro-mkombachoto
2h ago
Cutting fees is a welcome relief, but the IMTT still drains the people
As Ncube said, government will now “walk the talk” on its reform promises, with new statutory changes “trickling in from next week.”
By Lawrence Makamanzi
Nov. 17, 2025
Woes mount for Zim formal businesses: Parliament
Its steep rate discourages digital payments, pushing economic activity back into a largely unregulated, cash-based system, the report read.
By Harriet Chikandiwa
Jun. 23, 2025
IMTT drives 99% surge in ZB financial tax burden
The IMTT, introduced seven years ago as a 2% levy to strengthen government revenues, has become one of the most contentious tax measures in Zimbabwe.
By Tatira Zwinoira
Jun. 20, 2025
IMTT review long overdue
This comes as the government appears to have no solution in sight to encourage the informal sector to pay taxes.
By Newsday
Mar. 4, 2025
Premium
World Bank endorses tax that sparked backlash from firms
The Confederation of Zimbabwe Industries led warnings against the Sugar Tax, saying it would add US$1,6 billion in annual costs to beverage producers.
By Mthandazo Nyoni
Feb. 28, 2025
Zim bankers slam money transfer tax
In a document submitted to Finance minister Mthuli Ncube this week, sharing bankers’ expectations for the 2024 mid-term budget review, BAZ called for the tax to be reduced.
By Mthandazo Nyoni and Blessed Ndlovu
Jul. 19, 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
