Lecture 109 Β· Teekay said it had given the taxman its records, and never put them before the tribunal that had to decide.
π»ππ πͺπππ πΉπππ: KRA assessed Teekay KSh 14 million on a gap between its deposits and its returns and on unaccounted stock. Teekay said it had handed its records to the taxman, but never filed them with the tribunal, never answered the specific gaps, and the appeal was dismissed.
Illustration: Precursor
You dispute a tax bill and take it to the tribunal, confident that the documents you once gave the authority will carry your case. But you never actually file those documents with the tribunal, and you never answer the specific gaps the authority found. You argue that your rights were breached, but you put no proof before the people who have to decide.
Put yourself in the director's chair. When you gave your documents to the authority, is that the same as filing them with the tribunal?
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Precursor is published by the FinTech Association of Kenya and exercises independent editorial judgement under the Editorial Independence Charter. This article is labelled Precursor Executive Classroom, which marks commercial material. Knowledge on Tax and financial judgement.
Lecture 126 Β· A director kept meeting the taxman instead of appealing, and four years on the bill had only grown.
π»ππ πͺπππ πΉπππ: KRA confirmed a KSh 899,328 income-tax bill against Saphira, and its director spent four years in meetings and relied on his compliance certificates instead of appealing. The tribunal held meetings do not stop the thirty-day clock, a certificate is not proof of payment, and refused leave to appeal out of time; the debt had grown to KSh 1.4 million.
Tax and financial judgement Β· 4 min read Β· Paid
Lecture 125 Β· A rice importer called cleaning and repacking manufacturing, and the court said packaging is not making.
π»ππ πͺπππ πΉπππ: Mjengo claimed an investment deduction on KSh 1.5 million of machinery that cleaned and repackaged imported rice, calling it manufacturing. Through three forums the ruling held that packaging alone is not making goods, the rice remained rice, and a definition framed with 'means' is exhaustive. The deduction was refused.
Tax and financial judgement Β· 4 min read Β· Paid
Lecture 124 Β· A contractor said the money was his clients', had no agreements to show it, and the assessment stood.
π»ππ πͺπππ πΉπππ: KRA billed MU-BEI KSh 1.7 million after its eTIMS invoices far exceeded its declared sales. The company said the money was clients' funds for materials, passed on as an agent, but had no written agency agreements and no reconciliation. The tribunal held VAT fell due on the invoices and dismissed the appeal.
Tax and financial judgement Β· 4 min read Β· Paid