PREMIUM Sonko loses Sh385m tax battle over missing financial records The dispute centred on how KRA reconstructed his taxable income after examining his banking records against income. News Just now Listen
The Tax Appeals Tribunal found that Mr Sonko failed to provide sufficient evidence capable of displacing the Kenya Revenue Authority’s (KRA) assessment, based on analysis of deposits into the bank accounts.
KRA told the tribunal that Mr Sonko operated 11 bank accounts during the period, held at Equity Bank, KCB, Diamond Trust Bank and Co-operative Bank.
KRA also said Mr Sonko’s self-declarations showed employment income earned while he served as Nairobi senator and later governor, rather than the larger income identified through banking analysis.
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