The Kenya Revenue Authority (KRA) on Tuesday, January 3, moved to the Supreme Court to challenge a decision by the High Court to declare the minimum tax subjected to businesses unconstitutional. KRA filed a notice of appeal declaring an intention to challenge a decision by the Court of Appeal to uphold an earlier ruling. Kenyans.co.ke JOHN MBATIThis was after the High Court in Machakos declared a section of tax laws allowing the taxman to demand minimum tax from companies unconstitutional. The Finance Act of 2020, introduced Section 12D of the KITA which provides for the payment of minimum tax at the rate of 1% of the gross turnover. KRA’s push is aimed at protecting an estimated Ksh21 billion that it hopes to raise every year through the minimum tax, in a bid to shore up its revenue collections.

Source: The Star January 04, 2023 04:09 UTC