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Zimra hits cigarette firm, goes into business rescue

Adam Molai

PACIFIC Cigarette Company (PCC) has gone into voluntary business rescue after the Zimbabwe Revenue Authority (Zimra) accused it of being in over US$19 million tax arrears. The tax man had since garnished the company’s bank accounts to settle what it owes. In a statement at the weekend, PCC, formerly Savanna Tobacco Company, said Zimra “performed…

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