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KDN dips into the red amid tax refund spat
A worker lays fibre optic cable in Nairobi. KDN says it is in the red after the Kenya Revenue Authority failed to refund Sh912.7 million as ordered by the High Court in January. Photo/FILE
Kenya Data Networks Wednesday said it is in the red after the Kenya Revenue Authority failed to refund Sh912.7 million as ordered by the High Court in January.
The High Court on January 28 ordered the taxman to pay KDN the cash that has been piling since 2009 within two months, adding that KRA was neglecting its duty in failure to refund the input taxes.
