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flag Zimbabwe cuts local digital transfer tax to 1.5% in 2026 to boost its currency, raising VAT to 15.5%.

flag Zimbabwe will reduce the intermediated money transfer tax on electronic transactions in its local currency, the Zimbabwe Gold (ZiG), from 2% to 1.5% starting January 1, 2026, to lower costs and promote the use of the national currency. flag The move supports the government’s de-dollarization efforts and aims to strengthen confidence in ZiG, which operates alongside the U.S. dollar. flag The tax rate for foreign currency transactions will remain at 2%. flag To offset lost revenue, the value-added tax will increase to 15.5% from January 1, 2026.

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