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HomeDaily NewsFriday, September 4, 2026Fuse Holdings Loses Tax Appeal Over Missing Ownership and Loan Records - September 2026
Business & Economy4 stories from 2 sources

Fuse Holdings Loses Tax Appeal Over Missing Ownership and Loan Records - September 2026

Fuse Holdings Limited has lost a significant tax appeal at the Tax Appeals Tribunal, failing to convince regarding its ownership and loan records for 2020 and 2021. The High Court in Nairobi has simultaneously received a challenge against the gazettement of the liquidation of Kenya Union of Savings and Credit Co-operative Union Limited (KUSCCO). Additionally, another tax dispute emerged as printing firm Graphic Lineups Limited lost its tax fight with KRA and must pay Sh15.7 million in Value Added Tax on an imported printing press. The High Court has also quashed a legal opinion that cleared the Communications Authority of Kenya to make payments linked to a company associated with its former chairperson, Mary Wambui Mungai.

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Friday 1:44 PMNation Business

Property firm loses tax battle over missing ownership and loan records

Property firm loses tax battle over missing ownership and loan records

A property firm, Fuse Holdings Limited, has lost a significant tax appeal, failing to convince the Tax Appeals Tribunal regarding its ownership and loan records for the years 2020 and 2021.

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Key Highlights

A property firm, Fuse Holdings Limited, has lost a significant tax appeal, failing to convince the Tax Appeals Tribunal regarding its ownership and loan records for the years 2020 and 2021.

  • The firm lost a Sh79 million tax battle against the Kenya Revenue Authority (KRA).
  • Key organizations involved include Fuse Holdings Limited and the Kenya Revenue Authority (KRA).
  • The Tribunal rejected the company's reliance on a 2025 annual return, stating historical claims must be supported by contemporaneous records.
Friday 1:19 PMCapital Business

KUSCCO’s liquidation challenged in High Court

KUSCCO’s liquidation challenged in High Court

The High Court in Nairobi has received a challenge against the gazettement of the liquidation of Kenya Union of Savings and Credit Co-operative Union Limited (KUSCCO).

Read Story

Key Highlights

The High Court in Nairobi has received a challenge against the gazettement of the liquidation of Kenya Union of Savings and Credit Co-operative Union Limited (KUSCCO).

  • The liquidation follows losses of between Sh12 billion and Sh13.3 billion attributed to mismanagement.
  • RUPSA NWDT Sacco Society Limited filed the urgent challenge against KUSCCO.
  • A forensic investigation by PwC uncovered the financial irregularities, including ghost loans and executive mismanagement.
Friday 3:15 PMCapital Business

Court quashes legal opinion clearing CA payments to Wambui-linked firm

Court quashes legal opinion clearing CA payments to Wambui-linked firm

The High Court has quashed a legal opinion that cleared the Communications Authority of Kenya (CA) to make payments linked to a company associated with its former chairperson, Mary Wambui Mungai.

Read Story

Key Highlights

The High Court has quashed a legal opinion that cleared the Communications Authority of Kenya (CA) to make payments linked to a company associated with its former chairperson, Mary Wambui Mungai.

  • The court declared the opinion by Solicitor-General Shadrack Mose unconstitutional, stating the Attorney-General's office exceeded its mandate.
  • The ruling impacts payments involving Nightigale Enterprises, a company previously linked to Wambui and her daughter.
  • The Ethics and Anti-Corruption Commission (EACC) is deemed the appropriate body to investigate allegations of conflict of interest.
Thursday 9:02 PMNation BusinessFirst

Printing firm loses tax fight with KRA

Printing firm loses tax fight with KRA

A printing firm, Graphic Lineups Limited, has lost a tax appeal and must pay Sh15.7 million in Value Added Tax (VAT) on an imported printing press.

Read Story

Key Highlights

A printing firm, Graphic Lineups Limited, has lost a tax appeal and must pay Sh15.7 million in Value Added Tax (VAT) on an imported printing press.

  • The Tax Appeals Tribunal ruled that the decisive date for VAT application was when the machinery entered Kenya, not when the importation process began.
  • The firm argued that importation started before the VAT exemption for plant and machinery took effect on April 25, 2020.
  • Despite an undertaking from the National Treasury to pay the VAT, the tribunal affirmed the taxpayer's statutory obligation.
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