This archive report was first published on 10 October 2019.
On October 10, 2019, the Kenya Revenue Authority (KRA) announced the arrest of two directors of Olympus Computer Garage Limited for tax evasion amounting to Ksh.1.4 billion.
The two directors, George Bhutto Abiga and Berard Ochieng Okello, are accused of deliberately failing to declare taxes due from sales made by the company between September 2014 and August 2016.
According to the KRA, the company also failed to file Value Added Tax (VAT) for the year 2014 and instead filed NIL returns for the year 2015 and 2016, intentionally avoiding to declare sales of over Kshs. 1 billion.
Further investigations by the revenue body also revealed that the two had imported various computer gadgets and accessories such as laptops, flash drives which attract zero duty but are charged 16% Value Added Tax (VAT).
They are also recorded to have charged the Railway Development Levy (RDL), which they also failed to declare.
The two will be arraigned in court on Friday, October 11, 2019.
If found guilty, the suspects are likely to be fined an amount not exceeding Khs.10 million or double the tax evaded, whichever is higher, or to imprisonment for a term not exceeding three (3) years.
