Parliament budget office backs Sh62bn palm oil imports tax loss claim

The Parliament buildings in this Picture taken on October 9, 2024.

Photo credit: File | Nation Media Group

The office, which advises Members of Parliament on budget planning has backed claims that the country lost Sh62 billion in taxes in a palm oil import deal by Louis Dreyfus Company (LDC) Asia PTA Limited and Louis Dreyfus Company Kenya (LDC) Limited.

In a report submitted to the Finance and National Planning Committee of the National Assembly, the Parliamentary Budget Office (PBO) claimed that there was the false entry of taxes on consignments imported through the Mombasa Port which cost the country money.

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