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Zimplats loses $30m tax challenge

HARARE – Impala Platinum (Implats)’ Zimbabwean unit Zimplats has lost its High Court challenge of a $29,6 million additional profits tax (ATP) bill imposed by the country’s revenue collector. Alex Mhembere, Zimplats chief executive, on Thursday said “the effect of the judgment is that (the group) will have an additional liability for APT for the…

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