Zimbabwe Institute of Tax Accountants

Tax laws and regulations

Zimbabwe Revenue Authority v Nestle Zimbabwe (Private) Limited

Issues before the court:1. Whether ZIMRA could lawfully issue replacement notices of revised tax assessments that were previously invalidated by a Supreme Court ruling (SC 148/21).2. Whether ZIMRA’s replacement notices were valid under the Income Tax Act after the previous assessments were declared a nullity. Court decision:1. The Supreme Court dismissed ZIMRA’s appeal with costs.

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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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