TAX MATTERS: Foreign exchange differences on legacy debt

https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-276564.mp3?cb=1732295227.mp3THE return of the multicurrency system through reforms made in 2019 has presented increasing uncertainty in currency markets in recent times. This can be an issue, as foreign exchange movements create significant volatility for companies, not least from a tax perspective. Exchange gains and losses may be defined as profits or losses, which arise as…

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