Chinese Real Estate Developers Arrested for Tax Evasion

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

 


PRESS RELEASE 09/10/2019


Did you find this content useful?

Average Rating

4.3
Based on 3 ratings
💬
Chinese Real Estate Developers Arrested for Tax Evasion