Heritage Insurance Company Kenya Limited v Commissioner of Legal Services and Board Coordination (Tax Appeal E386 of 2023) [2024] KETAT 1136 (KLR) (1 August 2024) (Judgment)
Citation
Heritage Insurance Company Kenya Limited v Commissioner of Legal Services and Board Coordination (Tax Appeal E386 of 2023) [2024] KETAT 1136 (KLR) (1 August 2024) (Judgment)
Industry
General insurance, medical insurance and investment activities as defined by the Insurance Act.
AUDIT Trigger
According to the Respondent, Heritage TZ Limited is a non-resident company. It contended that the dividend received by the Appellant from Heritage TZ Limited does not qualify as a dividend income taxable under Section 7 of the Income Tax Act. Therefore, it contended that the dividend paid to the Appellant should therefore be treated as any other income that accrued to the Appellant.
Outcome
Was Successful.
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