A Nairobi businessman has been charged with evading tax amounting to Sh 15 billion since 2015.
Keval Kumar Navin Maisura was charged that he knowingly and deliberately omitted from his tax returns for the year of income 2015 and 2016 a sum of Sh 15,369,511,856, amount which he ought to have declared to the commissioner as required by the Income Tax Act.
Maisura is accused of committing the offence between 1st January 2015 and 31st December 2017 at industrial area within Nairobi jointly with others not before court.
He was also charged with failing to pay tax amounting to Sh 6.8 billion within the said period as required.
He was additionally charged with failing to submit value added tax return by due date. The court heard that on the same dates and time, jointly with others not before court, the accused, being persons chargeable to tax, without reasonable cause, failed to submit to the commissioner, value added tax return for the periods of January to December 2015 by the due date as required by value Act.
Kumar also failed to submit a value added tax return by due date of periods of January 2016 to December 2016.
He denied the charges before Makadara Law Courts Chief Magistrate Heston Nyaga and pleaded
with the court for lenient bond terms.
He was granted a bond of Sh 15million or alternative cash bail of Sh 5million and ordered to deposit his travel documents in court.
The case will be mentioned on 19th April for pre-trial.
Kenya Revenue Authority (KRA) is the complainant in the matter. The prosecution has one witness so far.
