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I&M Bank gets court reprieve in Sh238m tax row with KRA

The Kenya Revenue Authority head offices in Nairobi. FILE PHOTO | NMG

By  Brian Wasuna

Business Reporter

Nation Media Group

I&M Bank has obtained a court order barring the Kenya Revenue Authority (KRA) from recovering Sh238 million that the taxman is claiming, until the lender’s suit against the demand is heard.

Justice George Odunga issued the order after I&M Bank claimed that the KRA went mute on an objection the lender raised to a 2015 tax assessment.

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Note: The results are not exact but very close to the actual.

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