Tianyi Limited official charged with Sh 6M tax fraud

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Tianyi limited senior official has been charged with tax fraud of over Sh 6 million.

Zhang Xiaodong who is charged alongside the company is accused of knowingly and unlawfully omitting from the company’s returns an income of Sh 23 million, an amount which he knew or ought to have known should have been included in the year of income 2017, thus occasioning the commissioner corporation tax of Sh 6,781,654.

The two are alleged to have committed the offence between January and December 2017 in Nairobi jointly with others not before court.

The accused are also charged with failure to pay tax by due date.

The court heard that the two failed to pay corporation tax of Sh 6,781,654 as stipulated by the Income Tax Act for year 2017.

They pleaded not guilty before Principal Magistrate Peter Ooko who granted them a bond of Sh 2 million or a cash bail of Sh 1 million each.

The court also directed Zhang to deposit his passport and all travelling documents in court.

The case will be heard on 20th November 2019.