If you are living in Zimbabwe, you’re bound to know a thing or two about the recent 2% tax. You may have wondered how you will be charged if you are transacting using EcoCash – Zimbabwe’s most popular mobile money platform.
Here are the EcoCash charges revised to include the 2% tax:
These are the charges for sending money to registered customers
| Lower Value ($) | Upper Value ($) | EcoCash Tarrif | IMT Tax (%) | Tax on lower value ($) | Tax on upper value($) | New Tarrif on Lower Value with Tax ($) | New Tarrif on Upper Value with Tax ($) | Cash Out Registered Tarrif ($) |
|---|---|---|---|---|---|---|---|---|
| 1.00 | 1.99 | 0.06 | 0% | 0.00 | 0.00 | 0.06 | 0.06 | N/A |
| 2.00 | 5.00 | 0.07 | 0% | 0.00 | 0.00 | 0.07 | 0.07 | 0.17 |
| 5.01 | 10.00 | 0.16 | 0% | 0.00 | 0.00 | 0.16 | 0.16 | 0.26 |
| 10.01 | 20.00 | 0.32 | 2% | 0.20 | 0.40 | 0.52 | 0.72 | 0.52 |
| 20.01 | 30.00 | 0.48 | 2% | 0.40 | 0.60 | 0.88 | 1.08 | 0.78 |
| 30.01 | 40.00 | 0.61 | 2% | 0.60 | 0.80 | 1.21 | 1.41 | 1.04 |
| 40.01 | 50.00 | 0.78 | 2% | 0.80 | 1.00 | 1.58 | 1.78 | 1.30 |
| 50.01 | 60.00 | 1.11 | 2% | 1.00 | 1.20 | 2.11 | 2.31 | 1.74 |
| 60.01 | 75.00 | 1.15 | 2% | 1.20 | 1.50 | 2.35 | 2.65 | 2.00 |
| 75.01 | 100.00 | 1.56 | 2% | 1.50 | 2.00 | 3.06 | 3.56 | 2.61 |
| 100.01 | 150.00 | 1.96 | 2% | 2.00 | 3.00 | 3.96 | 4.96 | 3.04 |
| 150.01 | 200.00 | 2.30 | 2% | 3.00 | 4.00 | 5.30 | 6.30 | 3.39 |
| 200.01 | 300.00 | 2.34 | 2% | 4.00 | 6.00 | 6.34 | 8.34 | 4.22 |
| 300.01 | 400.00 | 2.35 | 2% | 6.00 | 8.00 | 8.35 | 10.35 | 4.26 |
| 400.01 | 500.00 | 2.36 | 2% | 8.00 | 10.00 | 10.36 | 12.36 | 4.30 |
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5 comments
Hi. Is the 2% tax not applicable from $10 transactions and upwards?
It’s applicable from $10.01 as depicted from the chat.
as depicted from which chat, i dont see any chat
Is it chart or chat
If you want to send $100 just do it in batches (10x$10) the econet charge will be $1.60 but with no 2% charge. If you send it it as $100 econet will charge you $1.56 a difference of 4cents but you will have saved yourself the 2% which is $2. Ndichatoneta zvangu asi ndachengetedza pondo yangu.