An electronics firm will pay the Kenya Revenue Authority (KRA) over Sh700 million after failing to convince the Tax Appeals Tribunal (TAT) that the taxman’s assessment on undeclared tax, was flawed. Digital Box Ltd had appealed, challenging KRA’s decision to assess and demand for the undeclared tax liabilities. This included Sh481 million in income tax and Sh219 million in value added tax for sales. The firm, in disputing the tax assessment, argued that KRA based its decision on extraneous considerations to arrive at the tax assessments. TAT said the firm failed to prove that KRA had misapplied bank analysis test and ruled that KRA did not err.

Source: Standard Digital August 24, 2020 21:01 UTC