The High Court has ordered Jomo Kenyatta University of Agriculture and Technology (Jkuat) to foot a Sh296 million bill in unpaid value added tax (VAT) and interest following the purchase of the ICEA building in Nairobi from an insurance firm about seven years ago.
Justice Peter Mulwa said that the Deed of Indemnity issued by Jkuat to the seller of the building, ICEA Lion Life Assurance Company Limited, was binding, hence the need for the university to foot the tax liabilities arising from the deal.
