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KRA settles Sh2.5 billion tax dispute with sugar importer

KRA in a statement revealed that it reached out of court settlement with Darasa Investment which will now clear the Sh2.5 billion duty and VAT arrears. FILE PHOTO | NMG

By  GALGALLO FAYO

Kenya Revenue Authority has agreed to release 40,000 metric tons sugar owned by Darasa Investment Ltd that is at the centre of a Sh2.5 billion dispute.

KRA in a statement revealed that it reached out of court settlement with Darasa Investment which will now clear the Sh2.5 billion duty and VAT arrears.

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

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