news-details

State sued over Sh188b tax waivers to firm

Lawyer Apolo Mboya at Supreme Court. [File, Standard]

A legal suit has been initiated against the government challenging the legitimacy of a statute that has granted more than Sh188 billion in tax exemptions to Blue Nile Rolling Mills Ltd.

In documents filed before Milimani High Court, lawyer Apollo Mboya faults the government for unfairly introducing Special Operating Framework Arrangements (SOFA).

This, he argued, has allowed the steel manufacturer to avoid paying hundreds of billions in taxes, creating an uneven playing field in the steel industry and depriving the government of revenue.

The framework, established in 2020, was to provide tax relief to stimulate industrial growth.

Related Posts
Advertisements
Market Overview
Top US Stocks
Cryptocurrency Market