Five suspects, 12 companies face alleged tax fraud charges
Originally published by News – Capital FM — Read the original article →
Election process
NAIROBI, Kenya, October 15 – Investigations into an alleged KSh3.9 billion VAT fraud scheme have uncovered a network of companies suspected of generating fictitious transactions and electronic tax invoices to facilitate unlawful tax claims.
The Office of the Director of Public Prosecutions (ODPP) says the companies, commonly referred to as “missing traders,” allegedly generated invoices that other businesses used to claim VAT refunds or reduce their tax liabilities.
The transactions were allegedly recorded despite no genuine purchases having taken place.
