Magaya’s Yadah Connect in $500K tax dodge.

Yadah Connect owned by self proclaimed prophet Walter Magaya who is the founder of Prophetic Healing and Deliverance (PHD) has yet again been dragged to court on two counts of tax evasion after allegedly prejudicing ZIMRA of close to $500k in less than a year.

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Yadah Connect owned by self proclaimed prophet Walter Magaya who is the founder of Prophetic Healing and Deliverance (PHD) has yet again been dragged to court on two counts of tax evasion after allegedly prejudicing ZIMRA of close to $500k in less than a year.
Yadah Connect owned by self proclaimed prophet Walter Magaya who is the founder of Prophetic Healing and Deliverance (PHD) has yet again been dragged to court on two counts of tax evasion after allegedly prejudicing ZIMRA of close to $500k in less than a year.

Yadah Connect owned by self proclaimed prophet Walter Magaya who is the founder of Prophetic Healing and Deliverance (PHD) has yet again been dragged to court on two counts of tax evasion after allegedly prejudicing ZIMRA of close to $500k in less than a year.

The multi-millionaire controversial prophet’s empire built on selling anointing oils and water seems to be built on dodging Zimra after his PHD was also dragged to court on similar allegations of failing to remit tax from over $28 million he realized from sells to his congregants in a period of four years. This case has been stood down to March 26.

Yadah Connect which is represented by Tawanda  Taruvinga is facing charges of contravening section 81 (1)(a) of the income tax Act which is failing to submit income returns and also contravening section 62 (2)(b) of the value added tax act which is failure to apply for registration for value added tax.

The company is facing these two counts before Harare Magistrate Barbra Mateko.

The State represented by Peter Kachirika alleges that sometime in October 2018 the Zimbabwe Revenue Authority (ZIMRA) conducted tax investigation on Yadah Connect and during the course of investigations it was discovered that the company had realised revenue of US$1 195 529.60. This was evidenced by Grain Marketing Board receipt vouchers and Yadah Connect never submitted Income Tax returns for 2017 which is in violation of the Income Tax Act. This resulted in a tax prejudice of US$307 848.87.

On the second count, investigations also revealed that Yadah Connect had failed to register with the Commissioner of ZIMRA for value added tax for the period extending from January 1, 2017 to October 14, 2018 in violation of the Value Added Tax Act. This resulted in tax prejudice of US$114 453.82.

This matter was postponed to April 1