NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Thursday, November 8, 2018

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.