PREMIUM Missing car purchase papers cost trader Sh158m tax fight Business Just now Listen
Article A motor vehicle importer has lost a Sh158 million tax dispute after failing to produce purchase records to prove the actual cost of imported cars, reinforcing the importance of the ‘burden of proof’ principle.
The Tribunal ruled that the taxpayer did not discharge its burden of proof that KRA’s assessment was incorrect, after it failed to produce documentary evidence showing the actual purchase costs of the vehicles.
The Tax Appeals Tribunal dismissed a plea by Haque & Sons Investment Limited and upheld value-added tax (VAT) and income tax assessment by the Kenya Revenue Authority (KRA) against the trader.
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