Failure to remit such funds can result in penalties, interest charges and additional financial strain on businesses.
By
Edna Mwenda
Business Reporter
Nation Media Group
The East African Portland Cement (EAPC) failed to remit Sh4 billion in statutory deductions, including taxes and penalties, as of June 30, 2025, an audit has revealed. This exposes legacy liabilities facing the cement maker that recently transitioned to new ownership.
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The audit notes that the board “has not adopted an efficient mode of funds disbursement.”
