KRA wins Sh107m tax case against KCB insurance agent - News Summed Up

KRA wins Sh107m tax case against KCB insurance agent


The Kenya Revenue Authority (KRA) is set to collect tax of Sh107,046,316 following a decision by the Tax Appeals Tribunal on May 28 to dismiss an appeal filed by KCB Insurance Agency Limited. This is after resolving 393 ADR cases between July 2020 and March 2021 this year. The ADR mechanism, which was implemented by KRA in 2015, has seen significant growth in the number of cases resolved and the revenue unlocked. The Tax Procedures Act provides that under the ADR framework, disputes should be resolved within 90 days. The average time taken to resolve ADR cases has reduced from 89 days in the 2019-20 financial year to 42 days in the current year.


Source: Standard Digital June 03, 2021 11:26 UTC



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