Kilimapesa Gold (PTY) Ltd v Commissioner for Domestic Taxes (Tax Appeal E390 of 2023) [2024] KETAT 1312 (KLR) (Civ) (26 July 2024) (Judgment)
Citation
Kilimapesa Gold (PTY) Ltd v Commissioner for Domestic Taxes (Tax Appeal E390 of 2023) [2024] KETAT 1312 (KLR) (Civ) (26 July 2024) (Judgment)
Industry
Mining
AUDIT Trigger
On 5th June 2007, IGE and GL through its subsidiary GMR entered into a joint venture to form the Appellant. Each company was to hold 50% interest in the Appellant. After review of the information provided by the Appellant, the Respondent noted that two transactions had taken place involving the disposal of the underlying participating interest in the Appellant
Outcome
The Respondent’s objection decision dated 9th June, 2023 was justified and that the taxes demanded are due and payable.
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