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Kakuzi braces for landmark verdict as KRA wraps up tax evasion probe

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 Kakuzi workers packaging avocados for export on May 19, 2022. [David Gichuru, Standard]

Listed agricultural company Kakuzi will soon know whether its officials will face prosecution or financial sanctions when the taxman renders its verdict on a landmark transfer-pricing probe into the company.

The Kenya Revenue Authority (KRA) in August this year revealed it had launched investigations against Kakuzi over claims of paying less tax linked to its cross-border financial deals with its majority shareholder Camellia Plc.

KRA has been probing whether Kakuzi has been engaging in transfer pricing to evade or under-declare its tax obligations.

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