High Court upholds Sh29.2mn tax assessment against Jakoline Enterprises
The assessment issued by the Kenya Revenue Authority (KRA) comprises Sh14.48 million in Income Tax and Sh14.73 million in Value Added Tax (VAT) for the period between 2017 and 2020...
✨ Key Highlights
The High Court in Nairobi has reinstated a Sh29.2 million tax assessment against Jakoline Enterprises Limited, overturning a previous decision by the Tax Appeals Tribunal.
- The reinstated assessment includes Sh14.48 million in Income Tax and Sh14.73 million in VAT for the period between 2017 and 2020.
- Key parties involved are the Kenya Revenue Authority (KRA), Jakoline Enterprises Limited, and the Tax Appeals Tribunal.
- The dispute stemmed from discrepancies between purchases declared in the company's Corporation Tax returns and its VAT returns, with the court ruling that the company needed to specifically explain these variances.
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