Oil exploration firms default on Sh2.3bn levies

DnBungeBudget0205gd

Auditor General Nancy Gathungu when she appeared before the Budget and Appropriations Committee. PHOTO | JEFF ANGOTE | NMG

The Petroleum Ministry is on the spot for failing to recover Sh2.3 billion in fines, penalties and levies due from oil exploration companies in outstanding training levies and service fees.

The bulk of the money, Sh1.96 billion, which has been accumulating over the years, has remained unpaid by oil exploration companies since 2011.

PAYE Tax Calculator

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