Prime Bank wins ‘double-taxation’ row with KRA

PRIMEBANK

Prime Bank head office in Nairobi.

Photo credit: File | Nation Media Group

Prime Bank has fended off a Sh87.6 million claim from the Kenya Revenue Authority (KRA) after the Tax Appeals Tribunal overturned the taxman’s claim on the lender’s income streams.

The claim followed the taxman’s audit of the bank’s books four years ago.

PAYE Tax Calculator

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