The Kenya Revenue Authority (KRA) has maintained its Sh238 million claim against I&M Bank #ticker:I&M, arguing that the lender on three occasions failed to furnish it with crucial records that were important in determining the disputed tax amount.
The taxman says that I&M Bank had in several meetings agreed to provide documents that would have helped the taxman determine the Sh238 million demand for unpaid corporate tax, withholding tax and VAT.
