The decision to purchase a building in Nairobi’s city centre without paying Value Added Tax (VAT) is haunting Jomo Kenyatta University of Agriculture and Technology (JKUAT). The institution finds itself in trouble after the Ethics and Anti-Corruption Commission (EACC) moved in to investigate the acquisition of ICEA Building on Kenyatta Avenue in 2015. The ICEA Lion Life Assurance Company took JKUAT to court, claiming the university had failed to pay VAT on the transaction, which saw the tax bill accumulate to Sh381 million. The letter to the university VC from EACC, dated February 26, summoned five officers from various departments for questioning. “Reference is made to the above subject matter, pursuant to on-going investigations in respect to acquisition of ICEA building during the financial year 2014/2015 by your institution,” read the letter.

Source: Standard Digital July 30, 2020 17:15 UTC