KCB Bank loses bid to block State from collecting Sh57m tax dues

Kenya Commercial Bank (KCB) has lost a long-drawn-out court battle against the taxman over Sh57 million withholding tax claims.PHOTO: COURTESY

.Kenya Commercial Bank (KCB) has lost a long-drawn-out court battle against the taxman over Sh57 million withholding tax claims

Eight years after the financial lender filed the case in the High Court and followed with an appeal to the Court of Appeal, the court has now ruled that KRA was justified in demanding its dues from the bank.