What started out as a Sh1.1 billion tax demand on November 29, 2006 has now grown nearly tenfold and threatens to ground Kenya’s largest indigenous brewery. Kenya Revenue Authority (KRA) had gone for Keroche’s jugular by freezing the brewer’s Equity Bank accounts until the Sh9.1 billion tax demand is paid in full. TRIBUNAL RULINGThe tribunal delivered its ruling on Wednesday and told both Keroche and KRA that the judgment would be available on the same day. Keroche CEO last week said in a statement that Vienna Ice was developed to encourage responsible drinking. At the time, KRA also cited failure by Keroche’s directors to submit tax compliance certificates and failure to settle a Sh1 billion tax bill.

Source: Daily Nation March 14, 2020 22:52 UTC