Businesswoman Mary Wambui Mungai has denied claims by KRA that eight of her accounts targeted for freezing over unpaid taxes are holding a total of Sh2.5 billion.
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Billionaire Jubilee Party sponsor stops arrest in Sh2.5bn tax evasion row
Summary
The taxman is pursuing Ms Mungai over alleged unpaid taxes for the billions of shillings earned from government tenders for supplying boots, uniforms and cereals to the military, among other State departments.
The Treasury has announced a new crackdown on wealthy tax evaders as part of its commitment to the country’s creditors, setting the stage for travel bans, asset freeze and deactivation of Personal Identification Numbers (PINs).
The clampdown is revealed in a commitment that Kenya made to the International Monetary Fund (IMF) to recover unpaid taxes from high-net worth professionals and traders in efforts to raise the national revenues.