INTERSPAREX COMPANY DIRECTOR SUNIL PATEL CHARGED WITH 123 MILLION TAX EVASION.

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Intersparex Limited director Sunil Patel aka Patel Sunil Mafatlal Marghabai before Nairobi Chief Magistrate Court on Tuesday September 5,2018/PHOTO S.A.N.
BY SAM ALFAN.

A director of a company has been charged with tax evasion of 123 million before a Nairobi Court.

Sunil Patel aka Patel Sunil Mafatlal Marghabai and his company Intersparex Limited denied eight counts of tax evasion and irregularly claiming value added tax (VAT) relief they did not qualify before chief magistrate Francis Andayi.

Kenya Revenue Authority (KRA) prosecutor Ms Ireen Muthee told the court that the accused claimed from the taxman over 25 million which he did not qualify within a span of three years between January 2015 and  February 2018.

Andayi heard that between January and December 2017 , Patel and his company Intersparex Ltd unlawfully claimed VAT relief of 7,948,359 while this year he has claimed a tax relief of Sh78,185 between January and February 2018.

In 2016 the court heard he claimed a tax relief of Sh14,276,240 while in 2015 he was relieved VAT amounting to 3,744,652.

Patel was further accused of defaulting to pay income tax of 98,683,952 as imposed  by the Income Tax Act Cap470 Laws of Kenya.

The magistrate heard he avoided paying this tax between January 31 2013 and December 31 2016.

In 2016 he failed to pay tax amounting to 27,865,688 while in 2015 he skipped paying 22,072,166 in revenue.

By the close of 2014, Patel had not paid income tax for 27,655,688 and in  2013 the accused declined to pay tax amounting to Sh20,898,410.

He denied the charges before Chief Magistrate Francis Andayi and was granted a bond of Sh 2 million or a cash bail of Sh 1 million.
The case will be mentioned on 17th September and will be heard on 2nd October 2018.

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