The High Court has dismissed an appeal by the Kenya Revenue Authority challenging a decision by the Tax Appeal Tribunal to set aside a tax assessment of Sh18 million, which it had demanded from Thaara Limited, which owns and manages Nairobi’s Rosslyn Riviera Shopping Mall.
It has also dismissed KRA’s claim that the tribunal misinterpreted tax provisions adding that tax liability in Kenya operates under an accrual system where obligations arise only when income or expense is recorded.
