Motorbike dealer to pay KRA Sh105m
Friday January 15 2021
Times Tower, the KRA headquarters. A large part of Kenya’s rich list would be made up of people who probably would fear being trailed by tax authorities and criminal investigators. PHOTO | FILE
By SAM KIPLAGAT
Summary
The Kenya Revenue Authority (KRA) has been allowed to collect Sh105 million from a supplier of motor bikes for taxes not paid between 2013 and 2015.
In a blow to Mars Logistics Ltd, Justice John Mativo said under the VAT Act, 2013, goods in transit was not zero-rated nor was it exempted from VAT as claimed by the company.
THE STANDARD By
Dominic Omondi |
January 7th 2021 at 00:00:00 GMT +0300
Cytonn Investments CEO Edwin Dande. [File, Standard]
Cytonn Investments plans to sell one of its prime plots in Nairobi, ending its dream to build a Sh21 billion tower.
Edwin Dande, the Cytonn chief executive yesterday said the company had resolved to put its four-acre plot in Kilimani up for sale following negative publicity on the project.
The firm will be accepting bids for the plot, with the proceeds to be used to improve liquidity for the company’s real estate funds.
“We are selling the best land in Kilimani, bids welcome,” Dande posted on Facebook.
Kenya: Ojienda Loses Sh94m Claim for Legal Services allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.