Zimbabwe Plans IMTT Cut, VAT Rise

S 1 - 2 A1 D I ID RK RT C - 0

Zimbabwe Finance Minister Mthuli Ncube proposed cutting the Intermediated Money Transfer Tax by 0.5 percent. While raising VAT by the same margin. Speaking at the 2026 Pre-Budget Seminar in Bulawayo, he said the adjustment would ease pressure on electronic transactions without weakening funding for national programs. The plan reflects the government’s attempt to balance economic activity and fiscal stability. It is expected to spark debate among lawmakers and business leaders.