Strict Statutory Literalism vs. Administrative Penalties: A Detailed Legal Analysis of National Foods Limited v Zimbabwe Revenue Authority (HH 159-26, Case No. FA3-24) Overview. The judgment handed down by Mafusire J in the Fiscal Appeals Court of Zimbabwe on 24...
Substance Over Form: Navigating the GAAR Reality and Judicial Scrutiny in Zimbabwean Tax Jurisprudence Modern corporate structuring relies heavily on contractual freedom, cross-border optimization, and tax efficiency. In Zimbabwe, however, the legal landscape...
Navigating ZIMRA’s Voluntary Disclosure Opportunity A Compliance Reset The Zimbabwe Revenue Authority (ZIMRA) has officially rolled out its Voluntary Disclosure Opportunity (VDO) for the 2025 year of assessment, as detailed in Public Notice 25 of 2026. In an era of...
Technical Advisory: Employee Benefits, Provisions, and Accruals – IAS 19 & IAS 37 vs. Section 15 of the Income Tax Act [Chapter 23:06] Overview The intersection of accrual-basis accounting under International Financial Reporting Standards (IFRS) and the statutory...
Technical Advisory: Fair Value Adjustments (IAS 40 & IFRS 9) vs. Taxable Gross Income This document outlines the accounting treatment of fair value adjustments under International Financial Reporting Standards (IFRS) and contrasts it with the tax treatment under...
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