Connect with us

Hi, what are you looking for?
KRA Headquarters at Times Tower, Nairobi. FILE


KRA to Collect Sh280mn from Convex Commodity Merchants Ltd

NAIROBI, Kenya, Jul 21-Convex commodity Merchants Limited has lost a three-year court battle to stop Kenya Revenue Authority (KRA) from recovering Sh280 million in tax arrears. 

The taxpayer had filed the suit seeking to stop KRA from enforcing its tax demand on the basis that the same was illegal and excessive.

Convex Limited had further argued that KRA had frozen its various bank accounts without affording it an opportunity to defend itself.

KRA, on the other hand, defended its tax demand arguing that a customs post-clearance audit had revealed an undervaluation of the sugar consignment imported by Convex Commodity Merchants Limited sometime between May 2017 and August 2017.

The Court in its Judgment dated 7th July 2021, ruled that before filing a Judicial Review Application, an Applicant ought to exhaust the available mechanisms for the resolution of a particular dispute. 

In dismissing the case, the Court found that the suit by the taxpayer was premature as it was filed in total disregard of the provisions of the Tax Procedures Act that provide that an appeal against a tax assessment ought to be determined by the Tax Appeal Tribunal first before escalating it to the High Court.

Following the Judgment, KRA has been given the green light to proceed and enforce the collection of the demanded taxes


More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...