Two directors of a company contracted to set up street
lights in two counties earning a total of Ksh 65 million were today charged
with failure to pay taxes amounting to KShs.30 million.
Alex Mwenda alias Alexander Stanley Mwenda and Stanley
Nyamu, both directors of Tripple Investments Limited appeared before Milimani
Court Chief Magistrate Hon. Kennedy Cheruiyot and denied all five counts
relating to tax frauds.
Tripple Investments Company was awarded contracts to install
and commission street lights by Siaya and Machakos County governments between
2014 and 2017.
The accused were charged with two counts of failing to pay
taxes; income tax totalling KShs 19.5 million from March 2014 to February 2018
and Value Added Taxes (VAT) totalling KShs. 10.4 million by failing to declare
Kshs 65 million in VAT returns for similar period.
Failure to declare any amounts earned and pay taxes
contravenes Section 95 and Section 104 (1) of the Tax Procedure Act of 2015.
They were also charged with counts of failure to submit tax
returns for the years 2014 to 2018 as required under provisions of Tax
Procedure Act No. 29 of 2015.
The duo was each released on a bond of KShs. 900,000 and
alternative bail of KShs. 300,000 with a surety of similar amount. The case
will be mentioned on 27th November 2019.
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