The government has just found a new way to slide into your DMs and bank account. Officials in Zimbabwe rolled out the Digital Services Withholding Tax, effectively demanding a fifteen percent cut from payments made to foreign tech giants starting at the beginning of 2026. This levy targets offshore platforms, such as Netflix or Starlink, that draw revenue from locals without maintaining offices within the country.
Banks and payment processors must now grab that slice before sending the rest abroad to the service provider. The treasury claims this move creates fairness because local businesses already bleed taxes, while international digital heavyweights essentially operated tax-free until recently. They argue that letting foreign...