Yadah Connect (Private) Limited yesterday appeared in court on allegations of evading paying tax on income amounting to US$1 195 529,60 and not registering with the Commissioner-General of the Zimbabwe Revenue Authority (Zimra) for Value Added Tax.
Yadah Connect (Private) Limited is being represented by its finance manager, Mr Tawanda Aegidio Taruvinga, and is facing charges of contravening the Income Tax Act (Chapter 23:06) -- "failure to submit income returns" -- and contravening the Value Added Tax Act (Chapter 23:12) -- "failure to apply for registration for Value Added Tax".
Mr Taruvinga appeared before Harare magistrate Mrs Barbra Mateko, who deferred the matter to April 14 after the State indicated that Mr Taruvinga's lawyer, Mr Everson Chatambudza, was at the High Court attending to another matter.
It is alleged that during the period extending from January 2017 to December 31 2017, Yadah Connect (Private) Limited, without just cause, failed to submit income tax returns after realising revenue of US$1 195 529,60.
This was contrary to the provisions of the Income Tax Act.
The State further told the court that during the period extending from January 2017 to December 14 2018, Yadah Connect (Private) Limited being under a duty to apply for registration for Value Added Tax with Zimra, without reasonable cause failed to apply for registration as required by the Value Added Tax Act.