Uhuru kenyatta tax waiver of 350m revoked..told to pay 900m

[RV Pundit]

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Treasury revokes NCBA Bank's 2019 tax exemption of Kshs. 350M  & NCBA says:

"We don't even know why we were given the tax waiver in the first place. We never asked for it".

It appears the then CS Treasury just decided to surprise the Bank as a friend.  https://t.co/u1LhRayC2r

— Eng. Mohamed Tache Dida (@Mohamedida) April 27, 2023

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[RV Pundit]

Beautiful just beautiful...let's keep at it .kenyatta crooks must be finished completely Invalid Tweet ID?s=19

[RV Pundit]

900m plus 5yr interest..hapo kenyattas n ndegwa will fork kitu 2 billion shillings

[RV Heavy Hitter!]

900m plus 5yr interest..hapo kenyattas n ndegwa will fork kitu 2 billion shillings

That is why Uhuru was looking like deer in the headlights with Gaucho. He knew pocket had been hit very hard! Am sure that is only down payment. In 4 years, they will be on fours

[RV Pundit]

900m plus 5yr interest..hapo kenyattas n ndegwa will fork kitu 2 billion shillings

That is why Uhuru was looking like deer in the headlights with Gaucho. He knew pocket had been hit very hard! Am sure that is only down payment. In 4 years, they will be on fours

very nice Ruto has done us proud. Yes even mama ngina is now out..they know the music just starting..soon they will go kneel before Ruto..which would be sad...as we need them drunken

[sema]

hapo kenyattas n ndegwa will fork kitu 2 billion shillings

That's nothing for the kenyatta's and ndegwa's. Theyve been stealing since 1963 but I guess it's a start

[RV Pundit]

They've gone to court

Treasury has revoked the tax exemptions granted in the 2019 NIC-CBA merger. NCBA has since secured conservatory orders barring KRA from making the move to recover an estimated Kes 900M worth of foregone taxes.

Details via link below...https://t.co/bj2GLyeB2J

— Julians Amboko (@AmbokoJH) April 27, 2023

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[RV Pundit]

hapo kenyattas n ndegwa will fork kitu 2 billion shillings

That's nothing for the kenyatta's and ndegwa's. Theyve been stealing since 1963 but I guess it's a start

land is their biggest assets..northland is under probe..they have practically lost 75k acres in narok..so we have gachetha farm in rongai n others...you go for land...you hit the snake on the head.

[sema]

Looks like they're going to try and tie it up in court for the next 10 to 15 years.

[RV Pundit]

Looks like they're going to try and tie it up in court for the next 10 to 15 years.

Interest will keep rising...nowadays the court is more efficient

[patel]

This is good news. It's about time. I thought NCBA had no issue paying the money, why are they running and hiding in court? Kenyans should boycott this bank till they pay taxes....

[kneegrow04]

Taxes should be paid by all. On this, the Kenyatta family should be left to carry their own cross. The same move should be extended to other cat fats who may have dodged the taxman, or gotten such waivers.

[Kadudu]

I hope the new kids in the block also paying their taxes. Everybody should pay and including the selected few at the top.
NCBA used its political influence to get a tax waiver. NCBA should pay ASAP plus interest.

Taxes should be paid by all. On this, the Kenyatta family should be left to carry their own cross. The same move should be extended to other cat fats who may have dodged the taxman, or gotten such waivers.

[hk]

Just playing to the gallery. 

Any good lawyer will tell you that this is a legal non-starter. There is no procedure for the revocation of previously granted tax exemptions.  KRA and the Treasury have also violated Article on the Constitution as buttressed by the Fair Administration Action Act.

— Cyrus Maina (@Cymaina) April 27, 2023

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To increase compliance treasury should lower excise duty on transactions and loans. Otherwise lawyers and accountants of corporations and wealth individuals will continue exploiting loopholes . That said it was immoral for ncba to be granted a waiver for merger but I don't think it was illegal. 

[RV Pundit]

Not illegal when ownership can be linked to the presidency?

Our liberal judiciary iko sawa.

This is not moi era of legal gymanstics.

Cok2010 is very liberal.

[Njuri Ncheke]

They need slap them with over 5 billion for proper effect hii ingine ni ujinga.

[RV Pundit]

Yes I expect them get fine for usd manipulation - we need heavy fines - but opus dei has to go.

They need slap them with over 5 billion for proper effect hii ingine ni ujinga.