Issues before the court:
. Whether ZIMRA’s method of apportioning income and expenses between foreign (USD) and local (ZWL) currencies for tax purposes was correct.
. Whether Zimplats could reject the method and apply its own approach based on the argument that ZIMRA’s Public Notices were not binding.
Court decision:
The Supreme Court dismissed the appeal with costs, upholding the High Court’s decision.
It ruled that ZIMRA’s matching principle for tax computation was legally sound, and Zimplats’ proposed method had no legal basis.