Court saves SportPesa from assets seizures in KRA fight
Court saves SportPesa from assets seizures in KRA fight Thursday May 13 2021 By JOHN MUTUA Summary The Tax Appeals Tribunal (TAT) has ruled that the taxman cannot apply the enforcement actions on betting firms like SportPesa while pursuing withholding taxes. The KRA had sought to freeze the bank accounts of SportPesa after it issued agency notices to its lenders while pursuing a claim of Sh1.66 billion withholding tax, penalties and interest accrued for 2018, prompting the betting firm to file an appeal at TAT. SportPesa, its owners and executives have been spared asset seizures, bank account...
Source: businessdailyafrica.com