Home Business News Companies Keroche Breweries ordered to pay Ksh 100M to KRA

Keroche Breweries ordered to pay Ksh 100M to KRA

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Keroche Breweries can now breathe with ease after the Court of Appeal ordered them to pay Ksh 100 million in 45 days to Kenya Revenue Authority.

Initially the beverage company had been ordered by the High Court to pay a sum of Ksh 500 million to the tax man or risk having their properties worth Ksh 9.1 billion attached to the claim.

According to the ruling by the Court of Appeal, they had put into consideration the current economic times facing the country following the coronavirus pandemic.

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Justice David Majanja of the High Court had initially warned Keroche Breweries of having their accounts attached to the claim if they fail to raise Ksh 500 million in 30 days time.

The directors were not convinced by the order given the hustle to raise the said amount especially at a time like this.

Also considered by the court was a Absa Bank and Equity among others who were also on the radar of the taxman having been served with a notice.

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