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Originally published by Nation Business
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business
September 4, 2026
3h ago

Property firm loses tax battle over missing ownership and loan records

Property firm loses tax battle over missing ownership and loan records

Tax Appeals Tribunal upholds KRA’s disallowance against Fuse Holdings...

✨ 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.

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