Government rethinks IMTT

Finance Minister Mthuli Ncube

Advertisements THE government is set to reduce the Intermediated Money Transfer Tax (IMTT) in the upcoming 2026 national budget in November, as part of its reforms to ease doing business, Finance Minister Mthuli Ncube has said.Currently, the IMTT is calculated at a rate of two percent on US dollar, ZiG and gold-backed digital token transactions.…

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