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Broadband

KDN says in financial crisis after tax refund failure

Thursday 6 June 2013 | 11:35 CET | News
Kenya Data Networks (KDN) said it is facing a financial crisis after the Kenya Revenue Authority (KRA) failed to refund KES 912.7 million as ordered by the High Court in January, the Business Daily reported. On 28 January, the High Court ordered the tax office to pay KDN the cash that has been piling up since 2009 within two months. KDN has filed a contempt case against KRA commissioner general John Njiraini for failing to honour the court ruling. The KRA has lodged a counter-claim of KES 395.7 million against KDN for tax arrears and erroneous tax refunds. KDN says in its court papers that

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Categories: Fixed / Internet
Companies: Kenya Data Networks / Wananchi
Countries: Kenya
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