News
Constructor Charged With Sh80M Tax Evasion
A proprietor of a construction company in Muranga County has been arraigned in a Nyeri law court and charged with tax evasion amounting to Kshs. 80 million.
David Maina Kiama of Qline Constructions Limited faced three counts of failure to pay taxes on various obligations to the Kenya Revenue Authority (KRA) on diverse dates between January 2014 and January 2019.
The accused person virtually appeared before Principal Magistrate Mathias Okuche.
Kiama being a supplier for Murangá County has been under-declaring taxable income and on most occasions filed nil returns despite earning taxable income.
The taxes lost comprise income tax amounting to Kshs 51.8 million for the years 2014 to 2018, Value Added Tax (VAT) of Kshs 18.3 million for the years 2014 to 2018, and Directors Income Tax of Kshs 10.7 million also for the years 2014 to 2018.
The accused pleaded not guilty to all the three charges and the court directed that he be released on a cash bail of Kshs 2 million.
The case will be mentioned on 16th December 2020.
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
-
Investigations2 weeks agoForged Legacy: How Kaplan and Stratton’s Peter Gachuhi Is Accused of Faking a Top AG’s Will as State Claims Damning Evidence
-
Business2 weeks agoSold And Abandoned: How Diageo and Asahi Are Locking Kenya’s EABL Minority Shareholders Out Of East Africa’s Biggest Corporate Heist
-
Business2 weeks agoHow Firm Linked To Mombasa Tycoon Jaffer Was Allowed To Import Fuel At Bloated Price And Set To Make Billions In Profits From Iranian War Crisis In Kenya
-
Business2 weeks agoPoison at the Pump: How Kenya’s Fuel Marking System May Be Exposing Millions to Cancer-Causing Chemicals
-
Investigations1 week agoThe Teflon Company: How Gulf Energy’s Insiders Built Billions on Kenya’s Fuel, and Walked Away Clean
-
Investigations1 week agoTHE ZAKHEM-ECOBANK MACHINE: How Kenya’s Courts Were Weaponised to Drain a State Corporation of Over KES 78 Billion
-
News6 days agoMombasa Lawyer Exposed In Sh600 Million Alleged Double-Dealing Diani Property Transaction
-
Investigations2 weeks agoInside Nyayo House: The Kitchen Cartel That Demands Sh100,000 for a Stove
