Afdis hit with US$1,84m tax bill by Zimra

WINES and spirits beverage maker, African Distillers Limited (Afdis) has been hit with additional taxes of US$1,84 million by the taxman concerning new income tax assessments, including penalties and interest.

According to Afdis, there were certain areas of disagreement regarding the currency of payment for certain taxes and the methods of splitting the taxes by currency for the period 2019 to 2022.

This period saw the Zimdollar (ZWL) made the only currency in use from June 2019 to March 2020, when the multicurrency regime was returned to be used alongside the ZWL.

This story is for NewsDay subscribers.