KRA waives Sh115 million on Bamburi Cement tax penalty

A cement truck leaves a Bamburi factory in Mombasa. FILE PHOTO | NMG

The Kenya Revenue Authority (KRA) has waived the payment of Sh115.2 million in interest and penalties by Bamburi Cement through the ongoing tax Amnesty programme.

The manufacturer has disclosed the waiver, which settles a long-standing tax dispute relating to an assessment on transfer pricing.

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