Zimbabwe High Court Annuls Changes to Intermediated Money Transfer Tax Rate
Zimbabwe's High Court reportedly issued a decision on 18 September 2019 that annuls changes to the country's Intermediated Money Transfer Tax. The tax was changed through regulations in October 2018 from a specific tax of 5 cents per transaction to a 2% tax on the transaction value for mobile money and electronic financial transactions. The High Court found that in changing the rate through reg…
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