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KYP016 RBZ investigates 21 more for Si127 breach + @Ecobankzw collects backdated IMMT tax from account holders
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Hiya there and welcome to it!
In this episode, Archie Moyo discusses how the RBZ has had a busy few months. 21 more companies have been investigated for violating SI 127 with 27 getting fines and 12 getting warning letters. What's the reaction with regards to these companies that keep getting found breaching the SI, and why didn't we get a list this time around.
Ecobank and the IMTT tax debacle,
Ecobank sent a message to account holders to let them know they would be collecting over 6 months' worth of IMTT taxes for transactions they completed. It's a really tricky situation, especially if they choose to deduct all of it at once.
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Sources
https://twitter.com/ReserveBankZIM/status/1413504555938058242?s=20
https://www.techzim.co.zw/2021/07/ecobank-account-holders-worry-as-the-bank-says-it-will-be-backdating-collection-of-2-tax/
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