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Economist Ndii offers guarantee to suspend Sh2 8 million KRA tax row

Economist Ndii offers guarantee to suspend Sh2.8 million KRA tax row Summary Economist David Ndii has offered to deposit a bank guarantee of Sh500,000 as a condition to suspend a decision allowing Kenya Revenue Authority (KRA) to demand Sh2.8 million tax from him. In documents filed in court, Dr Ndii says KRA may execute the decision and start the process to recover the taxes, rendering his appeal useless. Thursday April 22 2021 By SAM KIPLAGAT Summary Economist David Ndii has offered to deposit a bank guarantee of Sh500,000 as a condition to suspend a decision allowing Kenya Revenue Authority (KRA) to demand Sh2.8 million tax from him.

KRA loses bid to tax Westgate Mall insurance payout

THE STANDARD BUSINESS NEWS 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. READ MORE 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

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.

KRA loses bid to tax Westgate Mall insurance payout

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.

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