M-KOPA must pay taxes to Kenya after losing appeal
- M-KOPA lost an appeal at a tax tribunal regarding a $6.8 million tax demand.
- The tribunal ruled that M-KOPA must pay part of the back taxes owed to KRA.
- M-KOPA argued it was exempt from Kenyan taxes under the Kenya-UK Double Taxation Treaty.
The ruling against M-KOPA highlights the complexities of international tax law and the importance of establishing clear tax residency. This case may deter foreign startups from operating in Kenya without a thorough understanding of local tax obligations, potentially impacting investment decisions in the region.
