Canada firm loses Sh2bn tax war on oil stake sale

Times Tower in Nairobi, the headquarters of Kenya Revenue Authority (KRA). PHOTO | DENNIS ONSONGO | NMG

The Kenya Revenue Authority (KRA) has received the court’s nod to collect over Sh2.2 billion from an oil and gas exploration firm, Africa Oil Kenya BV, in unpaid taxes for selling oil blocks in Turkana fields

Justice David Majanja allowed the commissioner of tax to demand the dues from the foreign company arising from VAT on farm-out transactions from 2011 to 2017.

PAYE Tax Calculator

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