Mombasa contractor Okumu Ouma charged with Ksh.41M tax evasion

[ad_1] Joseph Okumu Ouma, a building contractor in Mombasa, has been charged with Ksh. 41million tax evasion. The director at Jomoyosh Building Contractors Limited was arraigned before Senior Resident Magistrate Vincent Adet on Monday. ”He and his firm were charged with nine counts of evading payment of income tax worth Ksh. 31,417,070 and one count of evading Ksh. 9,670,344,” the Kenya Revenue Authority said. Okumu and others suspects not before the court is said to have made incorrect entries in the firm’s income tax returns that reduced their tax obligation by Ksh 31.4 million. He is also accused of altering his value added tax(VAT) returns for the period between January 2015 and December 2018 reducing his tax bill by Ksh 9.6 million. Okumu however denied the charges and was released on a surety bond of Ksh. 2million with an alternative of Ksh. 500,000 cash bail. His case will be mentioned on December 9. In a separate case, Rebeccah Akinyi Ouma, a businesswoman was charged with evading taxes to the tune of Ksh. 2.9 million. She is said to have failed to have filed her individual individual income tax return for the years 2015, 2016, 2017 and 2018. Akinyi pleaded not guilty and was released on a surety bond of Ksh. 1million or a cash bail of  Ksh. 200,000. Her case will also be mentioned on December 9. For Citizen TV updates Join @citizentvke Telegram channel Video Of The Day: | CANCER COUNTRY | Pain of cancer patients across country [Part 1] https://www.youtube.com/watch?v=ahnrCrcCaiA [ad_2] Source link