By SAM KIPLAGATMore by this AuthorTwo businessmen have been charged with evading tax amounting to more than Sh1.4 billion. REDUCED TAXThe second count stated that between January 1, 205 and December 31, 2015, they knowingly made incorrect statement by under-declaring value of goods and reduced tax payable by Sh332,003,569, for the said year. They were also accused of under-declaring tax liability for the years 2016 by Sh123,190,381 and claiming tax relief using fictitious invoices against sales. AdvertisementThey are further accused of failing to file returns with the Commissioner of Domestic Taxes, thereby failing to declare sales, which affected the company’s tax liability by Sh62,778,885. The two denied the charges and were directed to deposit Sh2 million each, to secure their release.

Source: Daily Nation October 11, 2019 15:00 UTC