Home ECONOMY Kenya Revenue Demands Over Sh 11 Billion Accrued Taxes from Betin

Kenya Revenue Demands Over Sh 11 Billion Accrued Taxes from Betin

by biasharadigest

Betin Kenya has filed a petition in Court challenging Kenya Revenue Authority’s demands of Sh11 billion accrued taxes from the betting company.

In its petition, the firm argues that the decision to demand the funds owed to the taxman will have an impact on their business and result to huge losses as the firm would be unable to conduct its basic operations like salaries payment and payment of money to suppliers and other service providers.

Reports indicate that KRA has written notices to Safaricom and their respective banks demanding for the billions accrued in taxes while Safaricom has frozen the accounts of the operator following KRA’s move.

Betin notes that following KRA’s decision, the firm has stopped all operations and it, therefore, wants the court to suspend the KRA notices issued against it pending the hearing and determination of the case.

SportPesa also filed a separate petition through its lawyer Kamau Karori, claiming that there was no assessment carried out by KRA as required by Section 50 of the Tax Procedures Act.

Related; Court grants KRA permission to collect withholding taxes from Sportpesa

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