Lawyer goof nearly cost KRA billions

times-tower

KRA headquarters at Times Tower in Nairobi. FILE PHOTO | NMG

A slip-up in court by a lawyer representing the Kenya Revenue Authority (KRA) nearly cost the taxman billions of shillings in tax refund claims tied to VAT Regulations published in 2017 that had opened floodgates for taxpayers to seek reimbursements.

Last week, the court came to the rescue of KRA when it reversed the January decision to nullify the VAT Regulations after the taxman pleaded saying its advocate misrepresented to the court that the regulations were never tabled before Parliament.

PAYE Tax Calculator

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