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Kenya Revenue Authority (KRA) will not get a piece of the insurance compensation paid to the Westgate Shopping Mall owners.
The High Court on March 30 upheld a decision that the insurance payout could not be considered as income for taxation.
On September 21, 2013 masked gunmen stormed the mall in Nairobi, launching grenades and firing indiscriminately at panicked shoppers where a three-day siege with security forces ensued.
By the end of the siege, more than 70 people had died, dozens injured and significant damage caused to the mall and property around it.
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Sony Holdings Ltd, the developers and owners of Westgate Mall, held a terrorism and political violence insurance cover with Kenindia Assurance Company.
KRA loses bid to tax Westgate Mall insurance payout
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KRA loses bid to tax Westgate Mall insurance payout
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.