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BT Reporter

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Rice Importer Loses Appeal Against Sh1.4 Billion Tax Claim

Jhulay LAL Commodities Ltd appealed the decision KRA's, contesting that the entire tax of Ksh1,456,433,604 demanded was excessive. The main grounds of the appeal was that the Commissioner determined the taxable income on the basis of its gross banking against the basic accounting principles and tax law.

Odibets Launches OdiTV For Betting Fanatics To Watch Live Matches

Live betting will never be the same for punters as Kenya's leading betting firm Odibets has launched a new interesting feature christened ‘OdiTV’. The feature...

MultiChoice Talent Factory Launches Colours of Africa Film Series

The MultiChoice Group and the MultiChoice Talent Factory (MTF) are celebrating the love of African cinema with the Colours of Africa film series. The...

Reality TV Show ‘I Am LAYCON’ Premieres on DStv and GOtv

MultiChoice Nigeria has announced that the Showmax first-ever Nigerian original series, I Am LAYCON, is coming to its DStv and GOtv platforms from the...

Jobless And Broke, Retirees Are Turning To Loans

The negative economic effects of Covid-19 have seen many retired Kenyans turn to loans to meet their personal needs, support families and pay for...

Sauti Sol Make It To Facebook’s Elite League of Creatives

Nunu Ntshingila, Regional Director, Facebook Africa, said Facebook has heavily invested in the creative industry in Africa. These people and businesses, Ntshingila said, are changing the way Africa is seen, not just in Africa, but around the world, and Facebook is cementing its position as leaders in innovation and the creative industries.

Long-Awaited Lamu Port Goes Full Steam Ahead

The Lamu Port officially opened for business on 20th May 2021 after President Uhuru Kenyatta unveiled its first berth and promised to launch two others...

Health In Focus As Kenya Marks World Metrology Day

Kenya, through the Kenya Bureau of Standards (KEBS), has joined the World to mark the World Metrology Day. Celebrated annually on 20th May, World...

Travel In a Post-COVID World: How Industry Players Need To Adapt...

Businesses in the tourism industry that have managed to be resilient face arguably one of the most challenging times that the sector has ever seen and need to adapt swiftly to service the consumers’ changing demands. This is according to Jiten Vyas, VFS Global Regional Group Chief Operating Officer - Australasia, China, Africa and Europe & CIS. VFS Global is the world's largest outsourcing and technology services specialist for governments and diplomatic missions worldwide.

Tax Shock For Company That Sold Garden City Land

Ruaraka Diversified Investments Limited is associated with private equity firm Actis, which sold the land on Thika Road where Garden City Mall stands and a separate property to Safaricom in 2015. Tax Appeals Tribunal agreed with the taxman that Ruaraka Diversified Investments should remit the money to KRA because it failed to pay tax from profits of about Ksh1.4 billion earned in three transactions, after acquiring the land from East African Breweries Ltd (EABL).