2 businessmen arrested over Sh1bn tax evasion as KRA intensifies crackdown
KRA has embarked on an aggressive tax compliance strategy to ensure all eligible taxpayers pay their fair share of taxes/FILE
NAIROBI, Kenya Oct 24 – Kenya Revenue Authority (KRA) in its renewed war against tax evasion, has arrested two businessmen Abdisalam Abdullahi Gedi and Yahye Eliasi Bare both directors of Liban Trading Limited over tax evasion amounting to Sh1 billion.
According to David Yego, the authority's Commissioner for Investigations and Enforcement, the two are accused of making sales of Sh1 billion between 2013 and 2018 but declared nil incomes for all the years of income.
The arrests followed lengthy investigations carried out by the Authority.
The suspects will be arraigned at the Chief Magistrate's Court in Mombasa on Thursday to face charges including, failure to submit returns by due date and failing to pay income taxes of Sh660,774,654 by making incorrect statements affecting tax liability in relation to personal and business income.
The director Abdisalam Abdullahi Gedi will also be charged for failing to submit tax returns for the years 2014 to 2018 and also declare and pay Sh 96,608,480 in taxes.
According to David Yego (pictured), the authority's Commissioner for Investigations and Enforcement, the two are accused of making sales of Sh1 billion between 2013 and 2018 but declared nil incomes for all the years of income./FILE – KRA
KRA has embarked on an aggressive tax compliance strategy to ensure all eligible taxpayers pay their fair share of taxes.
KRA has implemented various initiatives targeting all Kenyans who fall in the taxpaying bracket to ensure they meet their tax obligations.