Online Reporter
Yeukai Karengezeka
Court Correspondent
A Harare-based company, Investible Investments (Private) Limited, was fined US$300 for failing to submit income tax and Pay As You Earn (PAYE) tax returns within the required timeframe.
The company, represented by its director, Mr Gladman Dhliwayo, appeared before Harare magistrate Mr Gamuchirai Gore to respond to the tax charges.
The Zimbabwe Revenue Authority (ZIMRA), with case officer Ms Kelly Vimbai Mutyembizi as the complainant, brought the case to court.
Prosecutor Ms Faith Mavudzi explained that ZIMRA assigned Mutyembizi to investigate the tax affairs of Investible Investments for the years 2023, 2024 and 2025.
The investigation uncovered that the company failed to submit necessary tax returns and remit income tax for the period from December 4, 2023, to January 1, 2025.
By neglecting these obligations and failing to declare and remit income received, Investible Investments was found in violation of the Income Tax Act.
Following the findings, the court imposed a fine of US$300 on the company for the offense, emphasising the importance of compliance with tax regulations.
