The Online Kenyan Logo

The Online Kenyan

C
Originally published by Capital Business
📰 Read Full Article
business
August 24, 2026
2h ago

Tribunal ruling opens new path for taxpayers to offset VAT credits against tax debts

Tribunal ruling opens new path for taxpayers to offset VAT credits against tax debts

The ruling stems from a dispute between Easton Petroleum Limited and KRA over a VAT liability of Sh12.86 million...

✨ Key Highlights

A recent ruling by the Tax Appeals Tribunal may offer Kenyan taxpayers a new avenue to settle outstanding tax liabilities by offsetting them against available VAT credits before enforcement action is taken.

  • The ruling stems from a dispute involving Easton Petroleum Limited and the Kenya Revenue Authority (KRA) over a Sh12.86 million VAT liability.
  • Easton Petroleum Limited had an available VAT credit of Sh19.71 million, which it sought to use to offset its debt.
  • The Tribunal found that Section 47 of the Tax Procedures Act empowers the Commissioner to apply tax credits to existing liabilities where justified, disagreeing with the KRA's stance that the credit should only be carried forward.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article
Advertisement

Related News

Baadhi ya wanachama wa ODM wahamia Linda Mwananchi
Video

Baadhi ya wanachama wa ODM wahamia Linda Mwananchi

C
Citizen TV (Youtube)
2d ago
Over 1,000 CEOs Issue Major Demands to Ruto on Taxes and Loans
top3d ago

Over 1,000 CEOs Issue Major Demands to Ruto on Taxes and Loans

Kenyan CEOs are urging the government to reduce business costs through lower taxes and levies, improve access to affordable credit, and expedite payment of pending bills to foster business growth.

K
Kenyans
📰 Read Full Story
Small-scale traders halt cargo clearance over rising levies
4d ago

Small-scale traders halt cargo clearance over rising levies

Small-scale importers and micro-entrepreneurs have initiated a boycott of cargo clearance, protesting against increased taxes, levies, and administrative fees imposed by the Kenya Revenue Authority (KRA).

T
The Standard Business
📰 Read Full Story
Martha Karua Aonya Kenya Dhidi ya Magenge ya Kisiasa, Asema Demokrasia Iko Hatarini
Video

Martha Karua Aonya Kenya Dhidi ya Magenge ya Kisiasa, Asema Demokrasia Iko Hatarini

K
KTN News (Youtube)
4d ago
KRA Explains New Powers After Reports of Bank Account Freezing Over Taxes
top4d ago

KRA Explains New Powers After Reports of Bank Account Freezing Over Taxes

The Kenya Revenue Authority (KRA) has detailed new tax administration measures effective July 1, 2026, as outlined in the Finance Act 2026. These changes empower the KRA with enhanced enforcement capabilities, including the pre-population of tax returns.

K
Kenyans
📰 Read Full Story
Advertisement