KRA U-turn on tax deals rattles firms

Times Tower in Nairobi, the Kenya Revenue Authority headquarters. FILE PHOTO | DENNIS ONSONGO | NMG

The Kenya Revenue Authority (KRA) has rattled firms over its move to pursue billions of shillings it had abandoned a few years ago in its push to meet tax collection targets.

The taxman is currently battling Kenya Breweries Ltd (KBL) and NBCA Bank in court after reneging on exemptions granted to the firms in 2021 and 2019, respectively.

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