Zimbabwean govt changes money transfer tax from flat rate to USD 0.02 per US dollar

Wednesday 3 October 2018 | 09:47 CET | News
The government has raised statutory taxes on mobile money and electronic transactions, New Zimbabwe reported. New Finance and Economic Development Minister Mthuli Ncube announced a USD 0.02 tax per US dollar on electronic transactions. He ordered the review of the Intermediated Money Transfer Tax, which used to be charged at USD 0.05 per transaction regardless of volume, effective 1 October.

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Categories: Mobile & Wireless
Countries: Zimbabwe
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