The Standard | by Kamau Muthoni
Equity Bank’s parent company, Equity Group Holdings Ltd (EGHL), is embroiled in a Sh800 million tax dispute with the taxman.
The Kenya Revenue Authority (KRA) is demanding the money as capital gains tax from asset transfers by the lender in 2014.
In the tax row now before the High Court, EGHL asserts that it never benefited from transferring its assets to Equity Bank Kenya Ltd (EBKL), but KRA insists the former gained Sh34 billion, which ought to be taxed…
