Naivas vs KRA Battle: Taxman Seeks Over KSh 1.7b in Tax from Sale of Retailer Stakes to Mauritius Firm - News Summed Up

Naivas vs KRA Battle: Taxman Seeks Over KSh 1.7b in Tax from Sale of Retailer Stakes to Mauritius Firm


KRA directed Naivas to pay KSh 1.79 billion corporation tax, penalties and interests accrued from the deal after the Tax Appeal Tribunal dismissed the latter's application. Naivas filed a petition challenging the taxman's decision to tax the sale of the stakes to the international consortium. Naivas battle KRA at Tax Appeal TribunalIn its petition, the retailer argued that it is not the tax representative of Gakiwawa Family Investment. However, the Tax Appeal Tribunal dismissed the plea, saying the company meets the specific requirements to represent the taxman." Naivas family feudThe tribunal upheld KRA's decision, calling on each party to bear its own cost.


Source: Daily Nation August 12, 2023 14:16 UTC



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