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Billionaire Kirima’s firm locked in rental income tax row
Kirima & Sons challenged the additional tax assessment, arguing that the disputed costs were genuine business expenses incurred to maintain ageing residential properties and provide security for tenants.
A company linked to the estate of the late billionaire businessman and former Starehe MP Gerishon Kamau Kirima, Kirima & Sons Limited, is embroiled in a Sh52.8 million rental income tax dispute with the Kenya Revenue Authority (KRA).
The Tax Appeals Tribunal has set aside KRA's objection decision and ordered a fresh review of the tax after directing the company to submit documents supporting disputed repairs, maintenance and security expenses.
