KEYCORP DIRECTOR CHARGED.

BY NT REPORTER.

Keycorp Real Advisory Limited Director has been charged before a Nairobi Magistrate Court with failing to apply for registration of Value Added Tax.

Peter Kuguta Weru is accused that on February 2018, jointly with another not before court, failed to apply for VAT registration as required by VAT Act.

Weru is charged alongside his company is also accused for failing to deduct and remit to the commissioner value added tax amounting to Sh 8,250,000 between 30th March 2018 and 20th October 2018.

He also facing three charges of defaulting on an obligation imposed under the tax law between 2015 and 2018.

He pleaded not guilty to the charges before Senior Principal Magistrate Martha Mutuku.

He was released on a bond of 300,000 or a cash bail of the same amount.