Businessman in court over Ksh.241 million tax evasion
A businessman was on Tuesday arraigned in an Eldoret court for allegedly failing to pay taxes amounting to Ksh.241 million.
Appearing before Eldoret Chief Magistrate Charles Obulutsa, Muktar Sheikh and his company, Bashash Construction Company, were charged with 12 counts of omitting tax on their returns.
The court heard that on diverse dates between 2011 and 2017, Sheikh, Bashash Construction Company and others not before the court, being registered taxpayers knowingly omitted Ksh.241 million from the return of income.
Sheikh pleaded not guilty and was released on a bond of Ksh.2 million and one surety, or a cash bail of Ksh.200,000.
The Ksh.241 million tax Sheikh is accused of evading amounts from an income tax liability of Ksh.148 million and VAT tax liability of Ksh.93 million.
The case is set to be mentioned on September 20.