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Keroche to pay Sh9.1bn tax after losing case against KRA

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Keroche Breweries has been slapped with a Sh9.1billiion tax bill after losing a contracted and bitter dispute with the taxman.

The decision could cripple the Naivasha-based brewery which was counting on the tribunal to spare it from the tax demand by Kenya Revenue Authority (KRA).

Over the last few months, KRA has turned vicious in in its tax raids.

KRA will now have the last laugh, having been allowed to collect the Sh9.1 billion in tax with regard to products manufactured and marketed by Keroche Breweries Limited.

WON APPEALS

KRA won six appeals filed by Keroche before the Tax Appeals Tribunal in 2015 and 2017 respectively.

In three of the appeals, the contention was the manufacturing process of Vienna Ice brand of vodka.

The brewer argued that Vienna Ice was not a distinct product from Crescent Vodka since Vienna was produced by diluting Crescent Vodka and the process did not amount to manufacture.

“KRA relied on the Compounding of Denatured Spirits Act Cap 123 and argued that the process undertaken by Keroche Breweries was compounding within the meaning of the Act,” KRA said in statement.

NEW PRODUCT

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“Compounding of spirits also amounted to manufacture of a new product within the definition of Customs & Excise Act, CAP 472 (now repealed).”

The dispute in the other three appeals was with regard to classification of pineapple-based wines.

Keroche had argued that what they produced were fortified wines which should be classified under HS Code 22.04 which attracted lower excise duty rate of 40 per cent.

Their position was that the classification was specific for any fortified wine.

WINES CODES

KRA’s position was that HS code 22.04 was reserved for wines based on grapes and the Keroche’s fortified wine was purely fermented pineapple and as such, it is to be classified under HS Code 22.06 which is for any other fermented beverage.

The ruling is set to send shivers in the alcohol and beverages industry where several players are battling different tax disputes.

The tax tribunal, however, faulted KRA for levying interest and late payment penalties for the period the disputes were being litigated at the High Court and the Court of Appeal, which had directed that the matters be heard at the Tax Appeals Tribunal.

-Nation.co.ke


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GoGreenNaOptiven KAMATA 20K PAP!

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The year 2020 has stretched us in many ways! It has thrown to us numerous twists and turns, while offering us a number of highs and many lows.

But as the year ends, we would love to give you, your family and your loved ones a big smile, especially on these last days of the year with our special December offer, #GoGreenNaOptiven

With a deposit of 500k plus, you can take advantage of this incredible offer this holiday season!

With ready titles, value additions, and ready to build Environment, you can actualize your dream of property ownership.

Call us TODAY on 0723 400 500 or visit our website on www.optiven.co.ke

As Optiven, We wish you and your family a merry Christmas and prosperous New Year ahead🎄


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READ ALSO:   The fatal fall that killed Keroche Breweries heiress
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SUKARI HEIGHTS Affordable Luxury 2 br, 3 Br plus Dsq & studio apartments

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Sukari Heights is magnificently designed luxurious and executive residence offering world class lifestyle.
Starting from Ksh 2.7M. Sukari Heights is located in the most exclusive Kahawa Sukari neighborhood just 15 minutes drive from Nairobi CBD.

The location of these homes avails a short commute to work using an easy transport network, a large choice of dining and entertainment options within easy reach, a low maintenance apartment that offers safety and security, and opportunities to immerse yourself in a socially diverse environment.

Designed to be the finest expression of world class finishes, SUKARI Heights is a rare opportunity to reside in one of the most exclusive addresses in Nairobi.

This immaculately designed apartment is set amongst manicured grounds within a private and secure complex. As a resident, you will have access to lifestyle amenities including, shopping centre, gymnasium, spa, eateries, basement parking etc.
The apartment interiors are designed for the way you live, with features that add beauty and utility to your home.
Expansive windows and balconies offer breathtaking views of the surrounding.
Bright, spacious, airy open-concept interiors flow seamlessly from living to dining to kitchen.
The unit has spacious bedrooms with well fitted built-in closets, with master ensuite bedrooms.

READ ALSO:   DPP Haji now targets Keroche power couple with Sh14 billion tax evasion suit

Suitable for family living as well as investment.
As an investor you will enjoy, good ROI owing to Recurring rental income, Property appreciation leading to higher resale value.

Enjoy a flexible payment plan of up to 24 months kes 1.5m deposit.
Elegant 2 br 700ft2 master ensuite kes 3.7m
Luxurious 3 br 915ft2 master ensuite kes 4.8m
Executive 3 br plus SQ 1185ft2 kes 5.7m

Features&Amenities
Supermarket
Pharmacy
Food Courts
Fitness Club/Gym
Grocery
Salon&Barbershop
Banking Services
High Speed Lifts
Back up Generator
Back up Borehole
Top Notch Security
Controlled Access
Smart parking.

To book Call/WhatsApp +254711128128
www.certifiedhomes.co.ke


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The FIVE levels of Optiven properties

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Here at Optiven, we usually have FIVE Levels of properties. Each level has its set of value additions. The levels are also based on location, proximity to infrastructure. Market prices are thus based on these factor. This ensures that we cater for low, middle and high end customers.

Here are our property Levels:

1. Plots that are Bare: They do not have any value additions on them at all. Their price range from 495, 000_ per plot.

Hope Gardens in Kajiado
Price tag Kshs. 675,000 per plot

(Read more about Hope Gardens here: https://www.optiven.co.ke/properties/hope-gardens-kajiado-county/) and Favour Gardens in Kajiado. We do not have many of this type since they are plots that are a bit far from development.

2. Limited Value Added Plots: These plots have graded roads, fence with barbed wire, power not too far and there is scarce settlement. Examples are Rafiki Gardens along Kangundo Rd. @ Kshs. 695, 000 per plot ) – Read more about Rafiki Gardens here: https://www.optiven.co.ke/properties/rafiki-gardens-kangundo-road/) and Peace Gardens in Nyeri

@ Kshs. 695, 000 per plot (this is only 500 meters off Tarmac)

3. Standard Value Added Plots (Medium Value Added Plots): On this properties; we do murrum roads, Water on site, elevated water tanks, fence by Mesh and care taker on site. Examples are:

READ ALSO:   DPP Haji now targets Keroche power couple with Sh14 billion tax evasion suit

Shekinah Gardens in Kajiado Township

Price tag Kshs. 750, 000

– this project is only 900 meters off Namanga highway.

Shekinah Gardens – Kajiado

Watch more about Shekinah here: https://www.youtube.com/watch?v=o6pqSDS1OAo&t=14s)

Shalom Gardens in Machakos

Price Tag@ 1,295, 000,

Shalom Gardens Phase 2 Value Add Ons

Garden of Joy in Machakos

Price tag 1.495M per plot.

Garden of Joy – Machakos County

Watch more about Garden of Joy here: https://www.youtube.com/watch?v=xAIQGde-D7A&t=10s

4. High level Value Additions:

Price Tag: cash Kshs 2,295,000

We do fruits parks, playing fields, elevated water tower, piped water to every plot, we plant hundreds of trees, drainages done, power, house designs and gated community with manned security, community regulations, Home owners Association and a care taker. Example is Victory Gardens Phase Three, Four & Five.

Victory Gardens Phase 3, 4 & 5 taking a new Positive Twist

Watch more about Victory Gardens here: https://www.youtube.com/watch?v=StH4xI_7Oxg&t=1s

5. Super Prime Value Addition:

Price range: Kshs. 5m to 12.5m (determined by size of Plot)

This is where we do cabro internal roads, provision of club house, very high end entry gate, stone wall, laser wire, CCTV, water Fountain, high end Steel Galvanized 15 meter high 100,000 liters elevated tank, Orchards, green public parks, house designs, appointed Architect, registered community regulations by the county government, Home owners association, Uniformed Security guards. Two caretakers on site. Example is
Amani Ridge the Place of Peace in Kiambu.

Amani Ridge the Place of Peace – Kiambu

Watch this video on architectural projections of Amani Ridge the Place of Peace: https://www.youtube.com/watch?v=os3nubny8Vg&t=2s

READ ALSO:   The fatal fall that killed Keroche Breweries heiress

Would you wish to own any of these properties? Get in touch with Optiven Today:

Contact Optiven Group:
+254 790 300 300
+254 723 400 500
Website: www.optiven.co.ke
George Wachiuri Blog: www.georgewachiuri.com
YouTube: https://bit.ly/2VdSuFJ


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Special Offer: Own one starting at Ksh 3.7M


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