Ashington

@TendaiDara This depends whether ZIMRA’s assessments are correct and applied across all businesses. If Delta’s claims about incorrect interpretations are valid, then the dispute may be seen as unfair. However, if ZIMRA is enforcing legitimate tax obligations then Delta has to comply & pay.

Yesterday I tweeted about the Delta vs ZIMRA case but didn’t go into detail. Here is why it matters. Accounting is guided by substance over form. You look at the economic reality. How a business actually operates. What risks it bears. How revenue flows. You report based on that. It is about truth beneath the surface. Tax law in Zimbabwe takes the opposite view. It is built on statute over substance. What the legislation says, even if outdated, ambiguous, or silent at the time, is what stands. There is no room for context. No interest in what made sense. Between 2019 and 2022, Delta earned revenue in both USD and ZWL. They paid all taxes in ZWL. That was not negligence. It was consistent with the reporting currency, the unstable exchange rate environment, and the policy signals at the time. Years later, ZIMRA came back and said taxes must be paid in the same currency the income was earned. USD in. USD tax out. They raised a 73 million US dollar assessment. Delta contested it. They lost at every level of court. The Constitutional Court made it clear. It does not matter if your reasoning was sound. If the statute requires USD, even retroactively, that is what you owe. Delta has already paid over 11 million US dollars under Zimbabwe’s pay now, argue later principle. This rule demands full or partial payment before you can challenge a tax decision in court. This is the reality. You can follow accounting principles. You can act in good faith. You can be consistent. And still be punished. Because statute will always trump substance. It is like being told to bring sadza to a braai, then getting sued because you didn’t bring steak. Meanwhile, the guy who brought nothing gets to keep the cooler box. Delta did not dodge tax. They paid it. Just not in the currency ZIMRA later decided they should have. That was enough to be found guilty of non-compliance in a system that shifted the rules long after the fact. In our country, it is not what made sense that matters. It is what the law later said you should have known all along.

@andrea_hoxbucks Indeed the Bible does entail that a land can also be cursed by God but however, perspectives may be subjective & debatable with Zimbabwe. Most problems of the country started from land reforms & then built overtime into greed & resource mismanagement, which is not a secret.

One day around 2005/06 a visiting pastor at our church (then) made us pray for Zimbabwe. We prayed, shame. For 20, if not 30 minutes straight.

@DreSmithJr Jungle

Whats yall favorite Drake “deep cut” Like a real deep cut. I mean like the song you swear nobody else listens to or talk about but it’s ya jam?

@andrea_hoxbucks Let’s not talk about Triangle retrenching and Tanganda also going through some sort of restructuring. There’s a bigger picture to all this and I think it’s now being evident through OK. I shall not say more 😉

In the past 24 months, ❌Standard Charted existed the Zim market ❌Lafarge (Holcim) exited the Zim market ❌Deloitte exited the Zim market ❌Didn't PwC also leave? ❌Choppies gone ❌Nampak is packing right now (pun intended) Also, in the past 24 months 👨‍🦽Truworths has gone under corporate rescue 👨‍🦽Metro Peach is under corporate rescue 👨‍🦽Bindura Nickel Corporation the same 👨‍🦽Khayah cement 👨‍🦽Ohh Beta Holdings The list obviously longer than this, but I think the point is clear. Has management of the companies suddenly become incompetent, or failed to read the room or to adapt as we often claim here on social media, or its way bigger a problem than that?

There’s a life lesson here:

You're wasting Netflix your Subscription If you haven’t watched these, 11 must watch movies 🎥👇

There are exactly 31,102 verses in the Holy Bible. But I picked 19 of them that will make you see life from a different perspective. Pay attention.

Best Video I’ve Seen This Year 🔥😂😂

@feather_17 Unfortunately it has been confirmed by SA police, he was shot 6 times

@UnitedMissy United 2.

I blame Casemiro 😫💔

Did you know That it's cheaper to get a complete and slightly used engine than to do an engine overhaul? If you wish to replace your worn out engine, I'll deliver it to you +263777470389/+971589793084

@ByoFinest Frame 2.

Frame 1 Or Frame 2

@FIFAWorldCup Zimbabwe

Where are you watching the #FIFAWorldCup Final from? 🌎

@PowerTelZW Argentina 2 - France 1

Here we go !FINALE Predict and walk away a winner!!! 1.Who is going to be this year's World cup hero? 2. Drop a like ,tag and invite friends to follow our page. #ArgentinaVsFrance #FIFAWorldCup

@RealTalkFadzie France 1 - Argentina 0

It's the Big One. The biggest prize in world sports is up for grabs today as France and Argentina battle it out for Fifa World Cup Glory.. Stand a chance to win data, your team's jersey and airtime. Simply predict the correct final scoreline! T&Cs apply

@CBZHoldings France 3 - Argentina 2

It's the World Cup final in Doha pitting 2 heavy weights of world football in Argentina & France! Predict the result & any one player to score in the final & stand a chance to be one of 3 randomly selected fans to get a giveaway courtesy of your #PartnersForSuccess

@IPECZW France 2 - Argentina 1

Fancy a Christmas Hamper? The much awaited Messi vs Mbappe show is on this Sunday! Predict the first person to score or the scoreline and stand a chance to win! #ipec