The Kenya Revenue Authority (KRA) has arrested three directors of a real estate company of Chinese national for failing to declare and remit taxes amounting Kshs.26 million.
Investigations by KRA revealed that the three who are directors of Tianyi Limited-a real estate company of residential houses in Athi River known as River Park Estate, failed to declare and remit taxes amounting to Kshs. 26 million from the sale of a hundred and seventy-one (171) units.
The developers Zhang Xiaodong, Ming Zhao, He Youging were arrested in Nairobi and are out on a police cash bail of Kshs. 100,000. They will appear at in court on 14th October, 2019.
Commissioner Investigation & Enforcement