BARCLAYS BANK OF ZIMBABWE LIMITED v ZIMBABWE REVENUE AUTHORITY 2004 (2) ZLR 151 (H)

2004 (2) ZLR p151

Flynote

Revenue and public finance — income tax — assessment — what notice of assessment must contain — need for assessment to be issued before taxpayer's funds may be garnished

Revenue and public finance — income tax — "income" — whether payments constitute capital or income

Revenue and public finance — income tax — "interest" — meaning of in terms of Income Tax Act [Chapter 23:06] (16th Schedule)

Revenue and public finance — income tax — management share option scheme — whether it creates an "advantage or benefit" in terms of s 8(1)(f) of Income Tax Act — PAYE — whether payments under scheme were remuneration, and liable for deduction of PAYE, or were of a capital nature

Revenue and public finance — income tax — withholding tax on fees due to a non-resident — when fees are deemed to have been paid — fulfilment of conditions on which non-resident entitled to fees — meaning — not a reference to grant of exchange control authority for payment