Opposition lawyer Fadzayi Mahere torched the government's tax adjustments and said the finance minister is running a shell game by cutting one levy while jacking up another. The Intermediated Money Transfer Tax dropped from 2 percent to 1.5 percent for local currency transactions, but Value Added Tax jumped from 15 percent to 15.5 percent across everything.
Mahere pointed out that USD transfers still get hammered with the full 2 percent IMTT, and the VAT hike applies to both currencies. She called the whole setup anti-productivity and warned it would spike prices across the board while making life harder for regular people trying to afford basic stuff.
Mahere pointed out that USD transfers still get hammered with the full 2 percent IMTT, and the VAT hike applies to both currencies. She called the whole setup anti-productivity and warned it would spike prices across the board while making life harder for regular people trying to afford basic stuff.
