KRA alleges that the duo failed to declare taxes due from sales they made to Mitsumi Computer Garage between September 2014 and August 2016. The Olympus Computer Garage allegedly filed nil returns for corporation tax and did not disclose its business transactions for the period.
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| George Abiga and Benard Okello |
About 50 police officers from the Directorate of Criminal Investigations (DCI) seconded to Times Tower have been hailed for unearthing tax cheats. Two directors of an IT firm are expected in court today as part of the more than 800 company bosses that the Kenya Revenue Authority has accused of evading taxes.
Directors of
Olympus Computer Garage George Bhutto Abiga and Benard Ochieng Okello face charges
of evading taxes totaling Sh1.4 billion over a two-year period
KRA alleges that
the duo failed to declare taxes due from sales they made to Mitsumi Computer
Garage between September 2014 and August 2016. The Olympus Computer Garage
allegedly filed nil returns for corporation tax and did not disclose its
business transactions for the period.
Last week, the
taxman said more than 800 directors whose firms have exhibited
disproportionately high wealth growth that outmatch amount of taxes paid over a
period of time would be arraigned in court starting this week.
Some companies
increased import of raw materials without disclosing the value of their overall
sales leading to reduced payment of taxes, the taxman charged.
Olympus Computer
Garage is suspected to have imported various computer gadgets and accessories
such as laptops, flash drives which attract zero duty but are charged 16
percent Value Added Tax (VAT) as well as Railway Development Levy (RDL), which
they also failed to declare
The company is
also said to have failed to file VAT for the year 2014 and instead filed nil
returns for the year 2015 and 2016 intentionally avoiding to declare sales of
over Sh1 billion.
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