Zimra loses Zimasco royalty, penalty battle

Harare Bureau ZIMASCO, a leading ferrochrome producer in the country, has successfully challenged the Zimbabwe Revenue Authority (Zimra)’s demand for mining royalties and penalties. In its ruling on the dispute between the parties, the High Court found that Zimasco was not liable to pay mining royalties on chrome ore concentrates and ferrochrome disposed of between […] Article Source: The Chronicle

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