Mobile money tax: Mthuli Ncube hits street money changers hard, moves to destroy forex black market

THE transfer of funds from mobile money transfer agents to recipients will now be subjected to taxation as Treasury moves to plug out rampant illegal foreign currency deals being conducted via the cash-in and cash-out facility. Although Government has …

THE transfer of funds from mobile money transfer agents to recipients will now be subjected to taxation as Treasury moves to plug out rampant illegal foreign currency deals being conducted via the cash-in and cash-out facility. Although Government has established the interbank foreign currency market to stabilise the financial services sector, illegal foreign currency deals […]