2pct tax eats into OK Zimbabwe’s profit

15

OK ZIMBABWE says the Treasury’s two percent intermediated money transfer tax (IMTT) is straining its profitability. In its 2021 annual report that was released on Tuesday, the retail giant’s chairman, Hebert Nkala said the government should review the levy. “The group continued to endure excessively during the year. The increase in the transaction thresholds had…