PREMIUM Property firm loses tax battle over missing ownership and loan records Tax Appeals Tribunal upholds KRA’s disallowance against Fuse Holdings. Business 16 min ago
The Tax Appeals Tribunal upheld the KRA’s disallowance decision after finding the company, Fuse Holdings Limited, had not shown who owned the company during the period and whether loans from related companies were interest-free.
Corporation tax was revised to Sh26 million, including principal tax, penalties and interest.2 million in VAT and Sh155,464 in withholding tax.
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