Sunday, July 3, 2022

KRA shut operations at Keroche Breweries over tax dispute

Kenya Revenue Authority(KRA) has once again shut operations at Keroche Breweries over renewed tax dispute believed to have been resolved back in April.

Keroche Breweries CEO Tabitha Karanja confirmed the news blamed the taxman for shutting down operations despite have a truce with them back in April this year.

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The decision by KRA to halt operations is reported to have affected over 400 employees of the companies and could further lead to losses amounting to Ksh 350 million if left unresolved.

“KRA shuts down Keroche Breweries in renewed tax dispute; CEO Tabitha Karanja says more than 400 workers affected and beer worth Sh350m could go to waste.” Said Ali Manzu

In March both KRA and Keroche come to an understanding as to how the company will pay pending tax claims of Ksh 975 million.

Through Alternative Dispute Resolution Agreement, the two come into agreement that the undisputed amount will be settle in a period of 24 months beginning January 2022 an din exchange there Naivasha based company will resume operations.

““The addendum agreement which sets the stage for the reopening for the production of the Naivasha based brewery will see Keroche settle an undisputed tax amount of Ksh 957,000,00 over a period of 24 months starting from January 2022.

The addendum agreement which flows from earlier Alternative Dispute Resolution process will see the rest of the taxes owing from Keroche dealt with as we agreed between the two parties in the Alternative Dispute Resolution Agreement already signed. The signed addendum agreement will also see KRA lift agency notices issued to 36 banks.” Said KRA

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