Standard Chartered Bank Kenya has suffered a setback in its tax battle with the Kenya Revenue Authority (KRA) after the Tax Appeal Tribunal ruled that the lender did not use a proper channel in seeking a refund of excess payment to the taxman.
“The view of the tribunal is that the grounds of the appeal before it are not arguable on the basis that the issues raised for determination were not bonafide (genuine) thereby making the instant appeal incompetent,” the tribunal chaired by Catherine Muga said in a March 14, 2025 decision.
