Munyaradzi Mashiri – Court Correspondent
Investible Investments Private Limited, a Harare-based company, has been fined US$300 for tax evasion after failing to submit income tax and PAYE returns on time.
The company’s director, Gladman Dhliwayo, appeared in court on behalf of the company before Magistrate Gamuchirai Gore to answer to the tax charges.
The Zimbabwe Revenue Authority, represented by case officer Kelly Vimbai Mutyembizi, was the complainant in the matter.
Prosecutor Faith Mavhudzi informed the court that ZIMRA had assigned Mutyembizi to investigate the company’s tax affairs for the years 2023, 2024, and 2025.
The investigation revealed that Investible Investments had failed to submit tax returns and remit income tax for the period between December 4, 2023, and January 1, 2025.
By neglecting to submit the required tax returns and failing to declare and remit income received, the company was found to be in breach of Section 81(1) of the Income Tax Act.
The court subsequently imposed a fine of US$300 on Investible Investments for the offence.
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