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STANDARD CHARTERED BANK ZIMBABWE LIMITED v ZIMBABWE REVENUE AUTHORITY 2018 (1) ZLR 269 (S)

2018 (1) ZLR p269

Citation

2018 (1) ZLR 269 (S)

Case No

Judgment No. S-23-18

Court

Supreme Court, Harare

Judge

Guvava JA, Mavangira JA & Ziyambi AJA

Heard

22 May 2017

Judgment

20 March 2018

Counsel

A P de Bourbon SC, for the appellant
T Magwaliba, for the respondent

Case Type

Income tax appeal

Annotations

Flynote

Employment – contract – termination – retrenchment – when employee is retrenched – ministerial approval necessary to complete process

Revenue and public finance – income tax – deductions – expenditure incurred for the purposes of earning or producing income – expenditure associated with retrenchments – may only be deducted in respect of tax year in which unconditional obligation to pay retrenchment packages is incurred

Revenue and public finance – withholding tax – non-residents tax – bank charges on offshore nostro accounts – whether local bank is payer of fees – whether fees are from a source within Zimbabwe – whether such fees are managerial or administrative in nature

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