VidiaNews
Search news← All news
business

Biwott daughter, Vivo Activewear founder and Sh25m tax battle over trust

Biwott daughter, Vivo Activewear founder and Sh25m tax battle over trust

Millions of shillings spent by trust overseas at the centre of tax exemption dispute.

Knowledge Empowering Youth (KEY) Founder and CEO Rita Field-Marsham makes her remarks during a workshop in Nairobi on April 25, 2023.

Tax exemptions for charitable trusts, under Kenyan law, are meant to create a win-win situation where the institution gets relief as the State is certain that most funds collected are used for public good.

The catch, however, is that the Kenya Revenue Authority (KRA) must do a deep dive into books of accounts to ensure that funds are being spent on the benevolent activities claimed by the charitable organisation.

Occupants of the property were recently evicted by officers from the General Service Unit.

Property worth Sh31.5 billion has been seized from prominent Kenyans and other individuals over the last six years.

School heads are actively tracking down candidates affected by challenges such as gold-mining activities in remote regions.

Calls for higher remuneration for national examination invigilators gets Parliament's backing.

Interior CS Murkomen confirmed the structure lacked an occupation certificate.

  • tax
  • trust
  • biwott
  • daughter
  • vivo
  • activewear
  • founder
  • battle

Summaries and tags are generated automatically. Stay informed with VidiaNews.

Related news

Gov’t to exempt solar panels and batteries from import duties – Ato Forson
business

Gov’t to exempt solar panels and batteries from import duties – Ato Forson

Finance Minister Dr Cassiel Ato Forson has announced plans to exempt solar panels and batteries from import duties and Value Added Tax (VAT) as part of efforts to reduce the cost of renewable energy and encourage more households and businesses to switch to solar power. The Finance Minister noted that although Ghana enjoyed sunshine throughout the year, the country had not fully utilised the resource as a major source of energy.

Read →
Workers fear for jobs as employers groan over soaring costs
business

Workers fear for jobs as employers groan over soaring costs

*AGM: Executive Secretary of the Chemical and Non-Metallic Products Employers Federation (CANMPEF), Olorunfemi Oke; Trustee, S. I. Tella; President, Devakumar Edwin; First Vice-President, Rotimi Aluko; and Guest Speaker, Oscar Macaulay, at CANMPEF’s 46th Annual General Meeting (AGM) in Lagos. The Chemical and Non-Metallic Products Employers Federation, CANMPEF, in its Secretariat’s report by the Executive Secretary, Olorunfemi Oke at the 46th Annual General Meeting, AGM, in Lagos, identified high electricity costs, unreliable power supply, multiple taxation, expensive industrial finance and…

Read →
Grodital launches in Ghana to help users monetise knowledge
business

Grodital launches in Ghana to help users monetise knowledge

Ghanaian entrepreneur Asante Theophilus Koranteng has launched Grodital, a digital platform designed to help people earn from their knowledge through digital products and affiliate marketing. Grodital was introduced by its Founder and CEO, Asante Theophilus Koranteng, widely known as ATKuniverse.

Read →
Minority accuses gov’t of misleading Ghanaians with ‘no new taxes’ claim in 2027 budget
business

Minority accuses gov’t of misleading Ghanaians with ‘no new taxes’ claim in 2027 budget

The Minority has accused the government of presenting a misleading picture of its tax policy by repeatedly insisting that the 2027 budget introduces no new taxes while projecting a sharp increase in revenue from fees and charges. Finance Minister Dr Cassiel Ato Forson has maintained that the 2027 budget will introduce no new taxes, saying the government will instead improve compliance, close revenue leakages and modernise tax administration.

Read →