G BANK ZIMBABWE LTD v ZIMBABWE REVENUE AUTHORITY 2015 (1) ZLR 348 (H)
Citation | 2015 (1) ZLR 348 (H) |
Case No | Judgment No. HH-207-15 |
Court | High Court, Harare |
Judge | Kudya J |
Heard | 9 & 10 September 2014; CAV |
Judgment | 27 February 2015 |
Counsel | A P de Bourbon SC, for the appellant |
Case Type | Tax appeal |
Annotations | No case annotations to date |
Flynote
Revenue and public finance – income tax – deduction – tax year in which deduction allowed – allowed in year in which unconditional obligation is incurred – if obligation is conditional, deduction allowed in tax year in which condition fulfilled
Revenue and public finance – income tax – tax avoidance scheme – what constitutes – taxpayer arranging affairs so that income is lower – not a tax evasion scheme – no obligation on taxpayer to ensure that more income is accrued
Revenue and public finance – income tax – withholding tax on fees – what payments constitute "fees" – administrative charges paid to external bank constitute fees
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