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