Prophet Magaya's PHD to stand trial for tax evasion

Prophet Magaya's PHD to stand trial for tax evasion
Published: 12 June 2019 (102 Views)
Financial statements retrieved from Prophetic Healing and Deliverance (PHD) Ministries' computers by Zimbabwe Revenue Authority (ZIMRA) are admissible evidence in the $28 million tax evasion case and the church has to stand trial, a Harare court has ruled.

Regional magistrate Mr Hosea Mujaya ruled in favour of the State saying the documents can be produced in court as evidence. Magaya's church stands accused of failing to declare tax of more than $28 million revenue accrued from 2013 to 2018.

Mr Mujaya said the full reasons for his ruling would be made available on June 14. He dismissed the church lawyers' arguments due to lack of merit and postponed the matter to June 26 for commencement of trial.

The church's lawyers Mr Admire Rubaya and Mr Oliver Marwa were objecting to the tendering of the documents as evidence. This culminated in the conduction of a trial within a trial to ascertain the origin of the financial statements.

During this trial, the lawyers objected the financial statements saying they were forged and fabricated. Magaya's church is being charged for breaching Value Added Tax (VAT) regulations on over $28 million realised from sale of church wares since 2013.

According to the State, the church raises revenue from selling church regalia, anointing oil, holy water and from its guest house. It is alleged that sometime in October last year, ZIMRA conducted tax investigations and recovered financial statements from PHD for the period extending from 2013 to 2017.

The court heard that ZIMRA recovered financial statements from the Commercial Bank of Zimbabwe which were submitted by PHD for a loan application. The statements showed that the church realised sales amounting to $28 706 040 between 2013 and 2017.

- the herald

Tags: Magaya, PHD, Tax,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Mthuli Ncube did not know about banning of the US$?

by Mandla Ndlovu | 27 June 2019 | 103 Views

Police arrest female drug smuggler

by Mandla Ndlovu | 27 June 2019 | 72 Views

WATCH: Malema attacks war veterans

by Mandla Ndlovu | 27 June 2019 | 78 Views

Jonathan Moyo threatens to expose Mnangagwa's advisors

by Mandla Ndlovu | 27 June 2019 | 132 Views

Zanu-PF launches commission of inquiry

by Staff reporter | 27 June 2019 | 81 Views

Probe teams for all VID depots

by Staff reporter | 27 June 2019 | 73 Views

Let's take pride in our currency, say MPs

by Staff reporter | 27 June 2019 | 63 Views

Mthuli Ncube slams debt takeover practice

by Staff reporter | 27 June 2019 | 76 Views

Robbers die in accident minutes after heist

by Staff reporter | 27 June 2019 | 94 Views

MP Mamombe must carry her cross: Court

by Staff repoirter | 27 June 2019 | 65 Views

Cabinet approves currency reforms

by Staff reporter | 27 June 2019 | 63 Views

Couple 'kills' small house

by Staff reporter | 27 June 2019 | 67 Views

Economists warn against USD-based prices

by Staff reporter | 27 June 2019 | 61 Views

Bulawayo businessman buys US$43 000 stolen car

by Staff reporter | 27 June 2019 | 62 Views

New regulations tame bourse arbitrage window

by Staff reporter | 27 June 2019 | 49 Views

Politburo embraces currency reforms

by Staff reporter | 27 June 2019 | 53 Views

International remittances recipients to get forex

by Staff reporter | 27 June 2019 | 55 Views

23 toll-gate staffers dismissed for fraud in three months

by newzimbabwe | 27 June 2019 | 52 Views

Zimdollar given 5-day ultimatum

by Staff reporter | 27 June 2019 | 63 Views

Zifa files $4m lawsuit against Mliswa

by Staff reporter | 27 June 2019 | 39 Views

Lecturer in trouble over anti-Mnangagwa slur

by Staff reporter | 27 June 2019 | 34 Views

Mabelreign Girls High students in demo

by Staff reporter | 27 June 2019 | 33 Views

Matutu's corruption 'name and shame' backfires

by Staff reporter | 27 June 2019 | 35 Views

MDC MP sues for police-induced miscarriage

by Staff reporter | 27 June 2019 | 29 Views

Mnangagwa to probe 'corrupt' bigwigs

by Staff reporter | 27 June 2019 | 59 Views

Intolerance is Zimbabwe's major undoing

by Editorial Newsday | 27 June 2019 | 41 Views

Mnangagwa summoned over ambush

by newzimbabwe | 27 June 2019 | 39 Views

Cop acquitted of brutally assaulting teen suspect

by Staff reporter | 27 June 2019 | 29 Views

Rural MDC activists appeal to Chamisa

by Staff reporter | 27 June 2019 | 33 Views

Applying lipstick on a pig will not work Mnangagwa

by Nqaba Matshazi | 27 June 2019 | 46 Views

38 injured in Munenzva bus accident

by Staff reporter | 27 June 2019 | 34 Views

Matanga tells cops to be diligent

by Staff reporter | 27 June 2019 | 27 Views

'Dealers diverting fuel to black market'

by Staff reporter | 27 June 2019 | 27 Views

Chaos in Zvinavashe estate

by Staff reporter | 27 June 2019 | 30 Views

Zanu-PF MP chickens out of Parly feedback debate

by Staff reporter | 27 June 2019 | 33 Views

High Court jails 21 black farmers for contempt of court

by Staff reporter | 27 June 2019 | 28 Views

Ex-ZPC board chair reveals other Chivayo beneficiaries

by Staff reporter | 27 June 2019 | 71 Views

Met Dept calls for use of nuclear technology

by Staf reporter | 27 June 2019 | 29 Views