Thursday
November 8
2018

Zimbabwe to review mobile money tax after backlash

Zimbabwe’s president Emmerson Mnangagwa vowed to review a controversial 2 per cent electronic money transfer tax following fierce criticism of the levy from consumers and businesses.

Writing in a column in national newspaper Sunday News, Mnangagwa added the government “took to heart the cry that the 2 per cent transactional tax has compounded the tax burden for both business and for the consumer” and would reassess it along with upcoming laws covering the financial sector.

Photo courtesy of Erik (HASH) Hersman.

Source: Mobile World Live (link opens in a new window)

Categories
Finance
Tags
financial services, fintech, mobile money, public policy, taxes