MOMBASA - KRA freezes county accounts
Mombasa County is facing a financial crisis after the taxman froze its three bank accounts over tax arrears amounting to Sh471 million. The tax arrears, which include interest and penalties, were inherited from the defunct Mombasa council. According to a letter dated April 23 and signed by Commissioner of Domestic Taxes Asha Salim, the council owed the Kenya Revenue Authority millions in tax arrears.
Between May 28 and June 11, KRA, in letters signed by acting senior deputy commissioner E. Meyo, instructed the Kenya Commercial Bank, the Cooperative Bank and Central Bank to ensure any monies in the county accounts are paid to the tax department.... Read the full, comprehensive news article and discuss at The Daily Nation