Biwott daughter, Vivo Activewear founder and Sh25m tax battle over trust
- Ms Field-Marsham, her husband Charles Field-Marsham and Wandia Gichuru – the founder and CEO of Vivo Activewear and ShopZetu – sit on KEY Trust’s Board of Trustees.
- KRA officers flagged more than Sh25 million spent overseas which, to the taxman, raised questions on whether the trust was using its funds strictly for local charitable activities.
Tax exemptions for charitable trusts, under Kenyan law, are meant to create a win-win situation where the institution gets relief as the State is certain that most funds collected are used for public good.
The catch, however, is that the Kenya Revenue Authority (KRA) must do a deep dive into books of accounts to ensure that funds are being spent on the benevolent activities claimed by the charitable organisation.
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Moi-Eldoret State Lodge land row: Records raise questions over State claim to prime plot
Occupants of the property were recently evicted by officers from the General Service Unit.
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Ruto, Moi land among assets seized by EACC
Property worth Sh31.5 billion has been seized from prominent Kenyans and other individuals over the last six years.
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