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Reprieve for Westgate over Sh600 million tax dispute

THE STANDARD
NATIONAL
The High Court in Nairobi has affirmed the decision by the Tax Appeal Tribunal that insurance disbursement of Sh600 million to Westgate Shopping Mall was not subject to tax.
Justice David Majanja last week dismissed an appeal by Kenya Revenue Authority against Sony Holdings Limited.
Sony Holdings is a company engaged in the business of developing, owning and letting real estate and its flagship project is the Westgate Shopping Mall from which it receives rental income.
The mall was on September 21, 2013 subjected to a terror attack that led to loss of lives and property, which greatly affected its operations. The company held a terrorism and political violence insurance cover for property damage and loss of rent receivable in the sum of Sh6 billion and Sh1.2 billion, respectively with Kenindia Assurance Company Limited. ....

Nairobi Area , Justice Majanja , Justice David Majanja , Kenindia Assurance Company , National Treasury , Kenya Revenue Authority , High Court , Sony Holdings , Tax Appeal Tribunal , West Gate Shopping Mall , David Majanja , Cabinet Secretary , Income Tax , Tax Appeal , Sony Holdings Limited , நைரோபி பரப்பளவு , தேசிய கருவூலம் , கேந்ய வருவாய் அதிகாரம் , உயர் நீதிமன்றம் , சோனி ஹோல்டிங்ஸ் , வரி முறையீடு தீர்ப்பாயம் , மேற்கு வாயில் கடையில் பொருட்கள் வாங்குதல் மால் , மந்திரி சபை செயலாளர் , வருமானம் வரி , வரி முறையீடு , சோனி ஹோல்டிங்ஸ் வரையறுக்கப்பட்டவை ,

Westgate Attack: KRA Blocked From Taxing Compensation Billions

Westgate Attack: KRA Blocked From Taxing Compensation Billions
People going about their day to day activities outside the Westgate Mall.
File
The High court has rejected an appeal by the Kenya Revenue Authority (KRA) to collect a share of the billions paid to Westgate Mall owners as compensation following the 2013 terror attack.
Justice David Majanja affirmed the position by the Tax Appeals Tribunal stopping the taxman from claiming a share of Ksh4.4 Billion compensation paid to the mall by Kenindia Insurance.
KRA through the commissioner of taxes appealed the ruling as it sought Ksh380.3 million from the owners noting that a portion of the compensation (Ksh660 million) should have been classified as income. ....

David Majanja , Justice David Majanja , Justice Mativo , John Mativo , Kenya Revenue Authority , Sony Holdings , High Court , Westgate Mall , Tax Appeals Tribunal , Sony Holdings Limited , Court Judge John Mativo , கேந்ய வருவாய் அதிகாரம் , சோனி ஹோல்டிங்ஸ் , உயர் நீதிமன்றம் , வெஸ்ட்கேட் மால் , வரி முறையீடுகள் தீர்ப்பாயம் , சோனி ஹோல்டிங்ஸ் வரையறுக்கப்பட்டவை ,