Finance Minister, Mthuli Ncube
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‘Transaction tax to remain intact’

AUTHORITIES say they are not going to remove the Interme­diated Money Trans­fer Tax (IMTT), asserting that the tax continues to sustain the government. IMTT is a tax chargeable on financial transactions that occur through transfers such as direct debits, online transfers, mobile money transfers, supplier pay­ments, and interbank transfers. This stance comes as repre­sentatives of…

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