Zimbabwe Institute of Tax Accountants

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Zimbabwe Platinum Mines (Private) Limited v Zimbabwe Revenue Authority

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 […]

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Tax laws 2024

Tax accounting is the subsector of accounting that deals with the preparations of tax returns and tax payments. Tax accounting is used by individuals, businesses, corporations and other entities. Tax accounting for an individual focuses on income, qualifying deductions, donations, and any investment gains or losses.

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