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Base Titanium External Affairs Manager Simon Wall (right) with journalists during a teleconference with Base Resources Managing Director Tim Carstens in Nairobi yesterday. [PHOTO: ELVIS OGINA]
Australian firm Base Resources is claiming more than Sh1.8 billion from Kenya Revenue Authority (KRA) in tax refunds.
The firm, which mines titanium in Kwale County through its local subsidiary Base Titanium, said while the general operating environment in Kenya remains fairly predictable, KRA and the National Treasury need to work out a way of handling Value Added Tax (VAT) refunds, which it said were affecting its operations.
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