Tax Appeals Tribunal has faulted the taxman for ignoring evidence and double-taxing rental income.
By
Joseph Wangui
Correspondent
Nation Media Group
A Tax Appeals Tribunal has overturned a Sh211.4 million tax demand against a road contractor, Nyoro Construction, faulting the taxman for ignoring evidence and double-taxing rental income.
The tax dispute arose after KRA reviewed the company's income tax declarations and disallowed deductions claimed for repairs,…
Tribunal stated that KRA could not demand records or issue assessments beyond the five-year limitation period unless it pleads…
The tax dispute started after KRA treated Sh1.53 billion in the company’s lease stock as under-declared credit sales and applied…
KRA argued that although KenGen paid taxes on rental income, interest income and other miscellaneous income, it paid no tax on…
The company came to public attention after being issued with the contract for 320,800 smart metres, a move that even attracted…
KRA had argued that discrepancies between import records, VAT returns, and financial statements justified additional tax…
