Ukur Yatani’s tax dispute cash deposit plan stirs storm
National Treasury Cabinet Secretary Ukur Yatani at Parliament on April 7, 2022. He raised funding for security institutions by Sh23.8 billion in the 2022/2023 budget statement.
Tax experts have faulted a proposal by the National Treasury that firms and individuals fighting Kenya Revenue Authority (KRA) in court over tax demands, deposit 50 percent of the disputed amount in a Central Bank of Kenya account saying it will hurt business.
Treasury Cabinet Secretary Ukur Yatani while delivering the 2022/23 budget on Thursday proposed amendments to the Tax Tribunals Act, 2013, to require that any firm involved in a row with the authority, should deposit 50 percent of the amount KRA claims to be owed before proceeding to appeal, should KRA win at the Tax Appeals Tribunal.
