By Own Correspondent| Government has surpassed its projected monthly revenue target by over $129 million, the ministry of Information and Publicity has revealed.
Through the 2 percent Intermediated Money Transfer Tax among other tax collection avenues, government collected $572.40 million from December 1 to 26 2018.
Said the information ministry in a tweet:
“Revenue collection efficiencies are part of government’s efforts to enhance resource mobilisation. Intermediated Money Transfer Tax (IMTT) a.k.a 2% tax is part of this effort. As a result in December 2018 up to the 26th, $572.40 million was raised surpassing the monthly target by $129.1 million”
Revenue collection efficiencies are part of GoZ’s efforts to enhance resource mobilisation. Intermediated Money Transfer Tax (IMTT) aka 2% Tax is part of this effort. As a result, in December 2018 up to the 26th, $572.40m was raised surpassing the monthly target by $129.1m pic.twitter.com/8y6y4ZZJN5
— Ministry of Information, Publicity & Broadcasting (@InfoMinZW) December 29, 2018