𝐂𝐈𝐓𝐘 𝐆𝐎𝐒𝐒𝐈𝐏

Business mogul Mohan Galot loses a 17-year legal battle with the KRA over a tax refund claim on a Range Rover he imported from the UK.

The dispute centered on a Ksh 1,782,386 refund which KRA rejected.

High Court Judge Alfred Mabeya upheld earlier rulings by the Customs and Excise Appeal Tribunal (now the Tax Appeal Tribunal) ruling that KRA's decision was legal under the East Africa Customs Management Act (EACCMA), 2004.

The dispute began in 2007 when Galot, owner of London Distillers and Manchester Outfitters, imported the vehicle, with tax assessed at Ksh 5,365,371.

Despite submitting a refund claim in 2008, KRA denied it.

Judge Mabeya agreed that the invoice provided was valid proof of the transaction's price and found no errors in the tribunal’s ruling, dismissing the appeal with costs.

Purchase of new vehicles in Kenya dips for the third consecutive year due to the increasing cost of borrowing, higher taxation and a struggling economy.

Data from the Kenya Motor Industry Association (KMI) shows an 8.58% decline in sales for the first nine months of 2024, with dealers processing 7,967 units compared to 8,715 during the same period in 2023.

Gachagua skips DCI summons even after they took crowd control vehicles and water cannons on reports that he was to appear

Prime Cabinet Secretary Musalia Mudavadi and his wife, Mam Tessie, land in Samoa for the 27th Commonwealth Heads of Government Meeting.

Heavy Security outside DCI offices along Kiambu Road where Impeached Deputy President Rigathi Gachagua is expected to Record a Statement

Multiple houses razed down following a gas cylinder explosion in Nairobi's Mukuru Kwa Reuben Area.

Advocate Elisha Ongoya to Prof. Tom Ojienda: “If we have a professor of Law misbehaving at the bar, then we have a problem.”

Kenya's IMF review has been added to the IMF board calendar.. The meeting is set for 30th October. The topic: "Seventh Reviews Under the Extended Fund Facility and Extended Credit Facility, and Second Review Under the Resilience of Sustainability Facility Arrangement"
Kenya is expecting to receive Ksh. 113 Billion from IMF

Impeached DP Gachagua's staff were blocked from entering their offices at Harambee Annex this morning

The 2024 Kenya Certificate of Secondary Education (KCSE) exams start today.

BREAKING NEWS

Peru's former President Alejandro Toledo has been sentenced to over 20 years in prison in a massive corruption scandal.

Alejandro Toledo was found guilty of accepting $35 million in bribes from the notorious Brazilian company Odebrecht.

Alejandro Toledo allowed Odebrecht to build a highway in Peru in exchange for these bribes.

Odebrecht has been linked to corruption all over Latin America, buying off officials left and right.

Alejandro Toledo, who was in office from 2001 to 2006, denied all accusations against him.

He was living in the U.S. but was extradited back to Peru after a lengthy legal battle.

At 78 years old, he'll be serving his time in a special prison for former presidents near Lima.

Kenyans have until Friday to submit their views on the Constitution of Kenya (Amendment) Bill, 2024, that seeks to extend the terms of the President and all elected leaders from five to seven years.

Rigathi Gachagua's private home now guarded by watchmen

A 55 Years old Man found dead inside a lodging after a steamy session with a 24 Years old Girl after using Viagra

Kenya's IMF review has been added to the IMF board calendar.. The meeting is set for 30th October. The topic: "Seventh Reviews Under the Extended Fund Facility and Extended Credit Facility, and Second Review Under the Resilience of Sustainability Facility Arrangement"
Kenya is expecting to receive Ksh. 113 Billion from IMF

How Treasury is abetting Ksh 437 Billion Adani Secret deals

AG Dorcas Oduor, Safaricom, and the Senate urge the High Court to dismiss Okiya Omtatah's application to halt the Social Health Insurance Fund.

They argue that the plea is premature and has been overtaken by events

Equity Bank granted permission to proceed with fresh valuation of businessman Peter Mugambi Maina’s property in Mombasa before auctioning it to recover a Ksh 54 million debt.

The bank had previously attempted to auction the property three times but each attempt attracted low bids, prompting the lender to seek court approval for a more favourable sale process.

Earlier valuations in 2021 and 2022 placed the property’s market value at Ksh 25 million, with a forced sale value of Ksh 18.5 million but the best bids received during the auctions were much lower, ranging from Ksh 12 million to Ksh 12.5 million.

The court also allowed Mr. Maina 60 days to negotiate a private sale before the bank could proceed with another public auction.