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    East and Central Africa’s biggest educational content distributor opens new branch

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    Government to take over running of white elephant SGR

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    Mitumba trade employs over 2 million Kenyans new report reveals

    Mitumba trade employs over 2 million Kenyans new report reveals

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    Equity land Ksh16.5 billion loan to support MSMEs

    Equity land Ksh16.5 billion loan to support MSMEs

    Electric Boda-Bodas’ Launched in Kenya

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    World Animal Protection calls for an End to wildlife trade

    JKIA and Moi International Airport named the best in Africa

    JKIA and Moi International Airport named the best in Africa

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    tvN – Korea’s top entertainment brand debuts on DSTV

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    Samsung Named Top Global TV Manufacturer

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    New Construction Technology to help NHC deliver affordable homes

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    NCBA partners with Shelter Afrique to finance properties in 5 counties

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    New Ksh350Million Commercial centre to be constructed in Athi River

    Greenpark Estate injects Ksh15M to its development

    Greenpark Estate injects Ksh15M to its development

    LG’s OLED Honoured at the Technology and Engineering Awards

    LG’s OLED Honoured at the Technology and Engineering Awards

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    Kenya’s position as a Digital Media Hub gaining momentum

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    Electric Boda-Bodas’ Launched in Kenya

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    Konza Technopolis, Israel to host Innovation Challenge

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    TikTok releases H2 2020 Global Transparency Report

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    OPPO Announces Global Partnership with Volkswagen

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    2 Kenyans selected to create African Inspired stickers for New Chat App

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    realme awards fans to Valentines through DaretoLove Campaign

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    IoT predictions for 2021: Smarter tech will make better business

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    OPPO Announces Global Partnership with Volkswagen

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    World Engineering Day to Be Celebrated in Kenya

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    After fight with US Authorities Huawei CEO now want talks with Biden

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    Ford Vehicles to be powered by Android and Google apps in new deal

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    Columbia Africa banks on primary and preventive healthcare to grow market share

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    DHL Express Named Best Employer in The World

    Meet the founder of Safari Doctors Umra Omar

    Meet the founder of Safari Doctors Umra Omar

    Kenya to receive Ksh 1 billion from Google for economic recovery

    Kenya to receive Ksh 1 billion from Google for economic recovery

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    How much YouTube pays influencers for 100,000, 1 million, and 150 million views

    How much YouTube pays influencers for 100,000, 1 million, and 150 million views

    851 million was not lost Embu County maintains

    851 million was not lost Embu County maintains

    Covid-19 brings out the resilience of Kenya’s flower industry

    Covid-19 brings out the resilience of Kenya’s flower industry

    Trouble at Britam as top executives face sack one month after new CEO takes office

    Trouble at Britam as top executives face sack one month after new CEO takes office

    Citibank establishes programme to support women owned businesses

    Citibank establishes programme to support women owned businesses

    Opinion: Now is The Time to Redeem the Nursing Profession

    Opinion: Now is The Time to Redeem the Nursing Profession

    Mitumba trade employs over 2 million Kenyans new report reveals

    Mitumba trade employs over 2 million Kenyans new report reveals

    3.6 m up for grabs in this years Benjamin Mkapa African Wildlife Photography Awards

    3.6 m up for grabs in this years Benjamin Mkapa African Wildlife Photography Awards

    African Airlines Association call for support measures to rescue continent aviation industry

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      Trouble at Britam as top executives face sack one month after new CEO takes office

      Trouble at Britam as top executives face sack one month after new CEO takes office

      Citibank establishes programme to support women owned businesses

      Citibank establishes programme to support women owned businesses

      Equity land Ksh16.5 billion loan to support MSMEs

      Equity land Ksh16.5 billion loan to support MSMEs

      Safaricom PLC Announces A 14.4 Per Cent Increase In Half-year Net Profit

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      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      DTB Bank set to shut down 6 branches

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      Trouble at Britam as top executives face sack one month after new CEO takes office

      Trouble at Britam as top executives face sack one month after new CEO takes office

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      AAR Insurance embrace paperless model with new mobile app

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      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

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      Opinion: Now is The Time to Redeem the Nursing Profession

      Opinion: Now is The Time to Redeem the Nursing Profession

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      IoT predictions for 2021: Smarter tech will make better business

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      OPINION: Managing the end-of-life of products to accelerate a circular economy in Kenya

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      OPINION: Conserve Nature Even as you Work to Achieve SDGs

Kenyan Business Feed
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    KenGen Shareholders to Get Sh1.65B Dividend Payout

    KenGen Supports Employees with a Return-to-Work Roadmap

    How much YouTube pays influencers for 100,000, 1 million, and 150 million views

    How much YouTube pays influencers for 100,000, 1 million, and 150 million views

    Consulting firm IPE Africa rebrands, appoints new country head

    Consulting firm IPE Africa rebrands, appoints new country head

    851 million was not lost Embu County maintains

    851 million was not lost Embu County maintains

    Covid-19 brings out the resilience of Kenya’s flower industry

    Covid-19 brings out the resilience of Kenya’s flower industry

    Citibank establishes programme to support women owned businesses

    Citibank establishes programme to support women owned businesses

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    East and Central Africa’s biggest educational content distributor opens new branch

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    Opinion: Now is The Time to Redeem the Nursing Profession

    Government to take over running of white elephant SGR

  • Markets
    Mitumba trade employs over 2 million Kenyans new report reveals

    Mitumba trade employs over 2 million Kenyans new report reveals

    African Airlines Association call for support measures to rescue continent aviation industry

    African Airlines lost Ksh1 trillion in 2020

    Equity land Ksh16.5 billion loan to support MSMEs

    Equity land Ksh16.5 billion loan to support MSMEs

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    Electric Boda-Bodas’ Launched in Kenya

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    World Animal Protection calls for an End to wildlife trade

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    JKIA and Moi International Airport named the best in Africa

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    tvN – Korea’s top entertainment brand debuts on DSTV

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    Samsung Named Top Global TV Manufacturer

    Locally assembled Proton Saga saloon car released to the market  

    Locally assembled Proton Saga saloon car released to the market  

  • Real Estate
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    17% of Kenyan Billionaires looking to buy a house in 2021

    Kenyan Firm awarded Most Innovative Community Developer 

    #OmokaNaAlma: This is how you get awarded Sh50,000 by Cytonn Real Estate

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    New Construction Technology to help NHC deliver affordable homes

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    NCBA partners with Shelter Afrique to finance properties in 5 counties

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    New Ksh350Million Commercial centre to be constructed in Athi River

    Greenpark Estate injects Ksh15M to its development

    Greenpark Estate injects Ksh15M to its development

    LG’s OLED Honoured at the Technology and Engineering Awards

    LG’s OLED Honoured at the Technology and Engineering Awards

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    Kenya’s position as a Digital Media Hub gaining momentum

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    Electric Boda-Bodas’ Launched in Kenya

    Konza Technopolis, Israel to host Innovation Challenge

    Konza Technopolis, Israel to host Innovation Challenge

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    TikTok releases H2 2020 Global Transparency Report

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    OPPO Announces Global Partnership with Volkswagen

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    2 Kenyans selected to create African Inspired stickers for New Chat App

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    realme awards fans to Valentines through DaretoLove Campaign

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    IoT predictions for 2021: Smarter tech will make better business

  • World Business
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    OPPO Announces Global Partnership with Volkswagen

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    World Engineering Day to Be Celebrated in Kenya

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    How NASA Technology Can Help Save The World’s Largest Shark

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    After fight with US Authorities Huawei CEO now want talks with Biden

    Ford Vehicles to be powered by Android and Google apps in new deal

    Ford Vehicles to be powered by Android and Google apps in new deal

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    DHL Express Named Best Employer in The World

    DHL Express Named Best Employer in The World

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    Meet the founder of Safari Doctors Umra Omar

    Kenya to receive Ksh 1 billion from Google for economic recovery

    Kenya to receive Ksh 1 billion from Google for economic recovery

  • KBF
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    • Opinion
    How much YouTube pays influencers for 100,000, 1 million, and 150 million views

    How much YouTube pays influencers for 100,000, 1 million, and 150 million views

    851 million was not lost Embu County maintains

    851 million was not lost Embu County maintains

    Covid-19 brings out the resilience of Kenya’s flower industry

    Covid-19 brings out the resilience of Kenya’s flower industry

    Trouble at Britam as top executives face sack one month after new CEO takes office

    Trouble at Britam as top executives face sack one month after new CEO takes office

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    Citibank establishes programme to support women owned businesses

    Opinion: Now is The Time to Redeem the Nursing Profession

    Opinion: Now is The Time to Redeem the Nursing Profession

    Mitumba trade employs over 2 million Kenyans new report reveals

    Mitumba trade employs over 2 million Kenyans new report reveals

    3.6 m up for grabs in this years Benjamin Mkapa African Wildlife Photography Awards

    3.6 m up for grabs in this years Benjamin Mkapa African Wildlife Photography Awards

    African Airlines Association call for support measures to rescue continent aviation industry

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      Trouble at Britam as top executives face sack one month after new CEO takes office

      Trouble at Britam as top executives face sack one month after new CEO takes office

      Citibank establishes programme to support women owned businesses

      Citibank establishes programme to support women owned businesses

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      Equity land Ksh16.5 billion loan to support MSMEs

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      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

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      DTB Bank set to shut down 6 branches

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      Trouble at Britam as top executives face sack one month after new CEO takes office

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      AAR Insurance embrace paperless model with new mobile app

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      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

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    • Opinion
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      IoT predictions for 2021: Smarter tech will make better business

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Home KBF

Blow to Keroche as decision to enforce Kshs. 1.6b tax collection stands

by Neymar
March 26, 2020
in KBF, Manufacturing, Markets, News
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The High Court sitting in Nairobi has upheld the judgment of the Tax Appeals Tribunal (TAT) delivered on 8th December 2016 to the effect that taxes amounting to Kshs. 1,654,846,603 was due and payable by the taxpayer.

Following reports from Parliament that the taxpayer was dealing in smuggled gold, the Commissioner carried out investigations into the affairs of the taxpayer for the years 2010- 2011 and established that the taxpayer, Ushindi Limited (formerly Ushindi Exporters Limited), had made exports of gold worth Kshs. 2,595,3838,877 in 2010 and Kshs. 2,940,001,820 in 2011.

When requested for documents to support its transactions, it was the taxpayer’s position that it carried out its transactions predominantly in cash. Further, the taxpayer alleged that most of the gold was purchased from artisan miners who normally did not give their personal details nor tax invoices.

It was also the taxpayer’s contention that it maintained records in accordance with the Trading in Unwrought Precious Metals Act (Cap 309 of the Laws of Kenya) which only required details limited to; the date of transaction, nature and weight of precious metal and price if any. There was, in its view, no requirement to give names or identities of the sellers based on an alleged correspondence from the then Ministry of Environment and Mineral Resources (hereinafter ‘the Ministry’).

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In the circumstances, the Commissioner relying on the provisions of Section 54A of the Income Tax Act disallowed the costs claimed by the taxpayer on account of its failure to furnish it with documents requested. It was the Commissioner’s view that the taxpayer had failed to provide documents sufficient for computation of tax.

As regards the directive from the Ministry, the Court while appreciating the discretion under 9, 10 and 11 of the Mining Act, placed reliance on a the letter by the then Minister for Mining confirming that the Law did not provide a waiver of the requirement to keep a register of transactions.


As such the court held that the Ministry went beyond its powers to allow dealers to transact without keeping the requisite records. It was thus the court’s view that the taxpayer had failed to comply with obligations set out in Section 11 of the Trading in Unwrought Precious Metals Act as well as Section 54A of the Income Tax Act. Further, the court upheld the TAT observation that by not disclosing the names of the suppliers then the taxpayer was shielding the fraudsters from being assessed to tax.

Consequently, the Court upheld the Commissioner’s position (and indeed the ruling by the Tax Appeals Tribunal) that in view of the taxpayer’s failure to furnish the Commissioner with the documents requested, it could not purport to claim costs under Section 15 of the Income Tax Act. It was upon the taxpayer to prove that the tax assessed had been wrongfully imposed and it failed to do so.


Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]

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