Posted inFactCheckZW, News

It is true, FBC to backdate collection of 2% tax for all transactions done since August

Verdict: True  Source: A message circulating on social media. โ€œThe FBC Bank has announced that in line with new Finance Act No.8 of 2020, the bank will be backdating collection of the 2% Intermediated Money Transfer Tax (IMMT) on all applicable foreign currency and ZWL transactions made from 01/08/2020,โ€ read the message. Full story: The Intermediated Money […]