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THE STANDARD BUSINESS NEWS KRA Headquarter in Nairobi (PHOTO: FILE) The Kenya Revenue Authority (KRA) has lost a Sh1.1 billion tax claim against a Dubai firm, with the taxman being accused of misleading the Court. KRA had rushed to court to be paid part of the Sh1.5 billion that the Supreme Court awarded Geo-Chem Middle East, but the taxman’s decision to file an application against the Dubai firm’s local subsidiary instead ruined its case. The High Court Judge Mabeya in an April 22 ruling wondered why KRA went after Geo Chem ME (Kenya Branch) instead of its Dubai-based parent company which had won the award after the wrongful termination of a contract to inspect petroleum by the Kenya Bureau of Standards (KEBS). ....
Kenya Revenue Authority loses Sh1 billion tax claim against Dubai firm 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.