BY SAM ALFAN.
Two Directors of Olympus Computer Garage Limited have been charged with tax related offences amounting to Sh1.3 billion.
George Bhutto Obiga and Benard Ochieng Okello appeared before Milimani Chief Magistrate Francis Andayi and pleaded not guilty to nine counts.
The two directors alongside their company are accused that in the period between January 1, 2015 and December 31, 2015 in Nairobi being directors of Olympus computer garage limited knowingly made incorrect statement through under declaration of customs value of goods to which affected their liability to tax thereby reducing the VAT payable by Kshs. 332,003,569.93 for the year 2015.
It is further alleged that between January 1, and January 31,2016 in Nairobi being directors of Olympus computer garage they made incorrect statement through declaration of customs value goods, affecting their liability and in the process reducing the VAT payable by Kshs. 123,190,381.85 for the year 2016.
They are further accused of deliberately defaulting on their obligation to file a return with the commissioner domestic taxes thereby failing to declare sales worth Kshs. 392,368,032.64 an amount which should have been declared. The failure allegedly affected their liability to tax (VAT), denying KRA Kshs. 62,778,885.22 for year 2014.
They are also facing charges of deliberately omitting TAXABLE income, failure to submit tax and giving misleading information relationg to tax.
They were released on a cash bail of 2 million or alternative bond of 4 million.
