M-Kopa ordered to pay taxes in Kenya

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The Tax Appeals Tribunal has ordered M-Kopa Holdings to pay taxes in Kenya after the financial technology firm, failed to prove that it was managed and controlled from the United Kingdom (UK).

M-Kopa sought reprieve from the tribunal after the Kenya Revenue Authority (KRA) assessed its withholding taxes and Pay as You Earn (PAYE) at Sh885 million.

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