London Distillers hit with Sh332m tax bill
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Nairobi, Aug. 4 -- The Kenya Revenue Authority has hit alcohol manufacturer London Distillers Kenya (LDK) with a Sh332 million tax bill that the Treasury had waived during the regime of retired President Uhuru Kenyatta.
The National Assembly's Finance and Planning Committee heard that the taxman issued demand notices to the LDK to pay excise duty that it collected from the sale of alcohol.
The MPs are inquiring into how the then regime granted Sh620 billion tax waivers to local and multinational companies during Mr Kenyatta's last term in office.
Mohan Galot, the LDK chairman, told MPs that the demand follows a revocation of approval of a tax abandonment granted to it by former Treasury Cabinet Secretary Ukur Yatani on January 20, 2022...
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