For Zimbabwe by Zimbabweans

IMT tax to remain in force – President Mnangagwa (VIDEO)

The new Intermediary Money Transfer Tax of 2 cents introduced in Zim is not designed to hurt the ordinary people and companies, but to help the manufacturing sector to get funds for retooling and modernisation as the economy gears to ramp up production. However, there is room for the tax to be refined going forward if suggestions are proffered, to create a win-win situation for individuals and companies on the one hand, and the economy on the other. – President Mnangagwa