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*Magaya's Church In Court Over $29 Million Tax Evasion* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ph Prophetic Healing and Deliverance (PHD) ministries has been charged for breaching Value Added Tax (VAT) regulations on nearly $29 million. The State says the money was generated from the sale of church wares over four years. Magaya was absent from the Harare Magistrates’ Courts yesterday where the matter was remanded to February 28 for trial. The complainant in the matter is the Zimbabwe Revenue Authority (Zimra) which was represented by its chief investigations officer, Tinashe Madakadze. ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- The State says PHD raises revenue from selling church regalia, anointing oil and holy water, as well as from a guest house which is widely known as Yadah Hotel. Prosecutor Peter Kachirika alleged that sometime in October 2018, Zimra had conducted tax investigations on PHD and recovered financial statements from the church for the period 2013 to 2017. Zimra had also recovered financial statements from the Commercial Bank of Zimbabwe, which were submitted by PHD for a loan application. The statements showed that PHD had allegedly made sales amounting to $28,7 million between 2013 and 2017. It was further alleged that during the same period, PHD had paid remuneration amounting to $950 522 to the clergyman’s wife, Tendai Magaya. The State also accused PHD of also transferring remuneration of US$2,4 million to Magaya’s own bank account without paying the due Pay As You Earn (Paye) tax. More: Daily News _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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