Kwale titanium miner pays KRA Sh2bn taxes

A titanium mining site in Kwale County. PHOTO | KEVIN ODIT

Australian mining firm Base Resources paid Sh2 billion ($20.7 million) corporate income tax to the Kenya Revenue Authority (KRA) after exhausting the tax deductions from its initial investment in the Kwale titanium project.

The amount was paid in the three months to December 2019 and relates to taxes that became due in the full year ended June, 2019.

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